Finland Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Finland is expected to be 1.94 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 1.86 in 12 months time. In the long-term, the Finland Long Term Unemployment Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.


Forecast Data Chart
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Finland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.7 7.4 7.9 7.3 7.1 7.1
Employed Persons 2672 2578 2518 2549 2557 2550
Unemployed Persons 192 209 214 214 214 214
Labor Force Participation Rate 69.5 66.77 65.35 65.82 66.16 66.02
Long Term Unemployment Rate 2 1.94 1.89 1.89 1.86 1.8
Youth Unemployment Rate 17.3 14.17 11.87 10.16 8.9 5.43
Labour Costs 108 107 108 108 108 108
Job Vacancies 46101 45169 52014 49495 48237 49202
Wages 3418 3410 3420 3422 3455 3460
Wages in Manufacturing 102 102 102 102 102 102
Population 5.51 5.51 5.51 5.54 5.54 5.56
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Part Time Employment 381 345 378 381 371 374
Wages Low Skilled 1760 1827 1827 1827 1929 1868
Wages High Skilled 3660 4000 4000 4000 4065 4074
Productivity 101 111 109 104 108 109
Living Wage Family 1740 1740 1740 1748 1748 1747
Living Wage Individual 1170 1134 1133 1135 1137 1140
Employment Change 0.7 0.66 0.56 0.53 0.48 0.21
Employment Rate 75.5 72.31 70.67 71.63 71.85 71.63
Full Time Employment 2018 2124 2057 2040 2115 2070