Finland's unemployment rate dropped to 6.1 percent in August 2019 from 6.8 percent in the same month the previous year. The number of unemployed persons declined by 16 thousand to 170 thousand while the number of employed rose by 32 thousand to 2.60 million. The activity rate edged up to 67.1 percent in August from 66.8 a year earlier, and the employment rate went up to 73.5 percent from 72.6 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 increased to 14 percent in August from 13.6 percent the prior year. Unemployment Rate in Finland averaged 6.40 percent from 1959 until 2019, reaching an all time high of 19.90 percent in May of 1994 and a record low of 0.70 percent in September of 1961.

Unemployment Rate in Finland is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Finland to stand at 6.00 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

Finland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-25 05:00 AM Unemployment Rate May 8.8% 8% 8.4%
2019-07-23 05:00 AM Unemployment Rate Jun 6.2% 8.8% 6.5%
2019-08-20 05:00 AM Unemployment Rate Jul 6.0% 6.2% 6.5%
2019-09-24 05:00 AM Unemployment Rate Aug 6.1% 6.0% 6.3%
2019-10-22 05:00 AM Unemployment Rate Sep 6.1% 6.2%
2019-11-26 06:00 AM Unemployment Rate Oct 6.1%
2019-12-20 06:00 AM Unemployment Rate Nov 6.2%


Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.00 19.90 0.70 percent [+]
Employed Persons 2598.00 2628.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 170.00 169.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 67.10 67.80 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.20 1.40 5.50 1.10 percent [+]
Youth Unemployment Rate 14.00 9.30 51.90 3.20 percent [+]
Labour Costs 109.76 109.48 111.89 28.40 Index Points [+]
Job Vacancies 59550.00 51001.00 96096.00 2624.00 [+]
Wages 3534.00 3499.00 3534.00 2009.00 EUR/Month [+]
Wages in Manufacturing 104.00 104.00 104.00 40.60 Index Points [+]
Population 5.51 5.50 5.51 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 [+]
Productivity 105.40 100.90 108.80 59.40 Index Points [+]
Wages Low Skilled 1980.00 2000.00 2000.00 1580.00 EUR/Month [+]
Wages High Skilled 4250.00 4230.00 4250.00 3650.00 EUR/Month [+]
Wage Growth 3.70 3.90 8.50 -2.30 percent [+]
Part Time Employment 385.90 402.40 402.40 225.90 Thousand [+]
Living Wage Family 1700.00 1780.00 1780.00 1650.00 EUR/Month [+]
Living Wage Individual 1160.00 1190.00 1190.00 1100.00 EUR/Month [+]
Employment Change 0.30 0.00 1.80 -2.80 percent [+]
Employment Rate 73.50 74.50 79.60 56.80 percent [+]
Full Time Employment 2126.20 2036.30 2243.80 1868.00 Thousand [+]


Finland Unemployment Rate

In Finland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Finland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.10 6.00 19.90 0.70 1959 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.90 Jul/19
Brazil 11.80 Aug/19
Argentina 10.60 Jun/19
Italy 9.50 Aug/19
France 8.50 Jun/19
Euro Area 7.40 Aug/19
India 6.00 Dec/18
Saudi Arabia 5.60 Jun/19
Canada 5.50 Sep/19
Australia 5.20 Sep/19
Indonesia 5.01 Mar/19
Russia 4.50 Sep/19
United Kingdom 3.90 Aug/19
Mexico 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Sep/19
United States 3.50 Sep/19
South Korea 3.40 Sep/19
Germany 3.10 Aug/19
Japan 2.20 Aug/19
Singapore 2.20 Jun/19
Switzerland 2.10 Sep/19


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