Finland's unemployment rate increased to 7.7 percent in August of 2020 from 6.1 percent in the same month the previous year, as the number of unemployed rose by 41 thousand to 211 thousand while the number of employed dropped by 65 thousand to 2.53 million. The activity rate was down to 66.3 percent in July from 67.1 percent a year earlier, and the employment rate eased to 71.5 percent from 73.5 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 went up to 18.0 percent in August from 14.1 percent in the preceding year.
Unemployment Rate in Finland averaged 6.41 percent from 1959 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Finland
Unemployment Rate in Finland is expected to be 11.50 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 9.60 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 9.00 percent in 2021 and 7.20 percent in 2022, according to our econometric models.