Long Term Unemployment Rate in Finland decreased to 1 percent in the first quarter of 2020 from 1.30 percent in the fourth quarter of 2019.

Long Term Unemployment Rate in Finland averaged 2.14 percent from 1995 until 2020, reaching an all time high of 5.50 percent in the second quarter of 1995 and a record low of 1 percent in the first quarter of 2020. This page provides - Finland Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Long Term Unemployment Rate - values, historical data and charts - was last updated on August of 2020. source: Eurostat

Long Term Unemployment Rate in Finland is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Finland to stand at -0.40 in 12 months time. In the long-term, the Finland Long Term Unemployment Rate is projected to trend around -0.40 percent in 2021 and -2.20 percent in 2022, according to our econometric models.

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Finland Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.30 5.50 1.00 1995 - 2020 percent Quarterly

Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 10.60 19.90 0.70 percent [+]
Employed Persons 2586.00 2491.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 223.00 295.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 67.90 67.40 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.00 1.30 5.50 1.00 percent [+]
Youth Unemployment Rate 20.90 39.00 51.90 3.20 percent [+]
Labour Costs 102.12 99.40 102.12 28.40 points [+]
Job Vacancies 39834.00 47073.00 96096.00 2624.00 [+]
Wages 3548.00 3540.00 3548.00 2009.00 EUR/Month [+]
Wages in Manufacturing 103.90 104.40 104.40 40.60 points [+]
Population 5.53 5.52 5.53 4.41 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Wage Growth 2.20 3.50 8.50 -2.30 percent [+]
Part Time Employment 389.20 395.20 402.40 225.90 Thousand [+]
Productivity 103.00 104.20 105.10 62.10 points [+]
Full Time Employment 2060.80 2077.90 2243.80 1868.00 Thousand [+]
Employment Change 0.10 0.50 1.80 -2.60 percent [+]
Employment Rate 73.70 70.40 79.60 56.80 percent [+]


Finland Long Term Unemployment Rate
In Finland, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.