Finland Unemployment Rate - Forecast

Unemployment Rate in Finland is expected to be 8.50 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 8.80 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 7.10 percent in 2020, according to our econometric models.


Finland Unemployment Rate
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Finland Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 8.6 8.5 7.4 7.9 8.8 7.1
Employed Persons 2491 2493 2482 2482 2484 2484
Unemployed Persons 233 229 229 229 229 229
Labor Force Participation Rate 66.1 66.38 66.06 65.92 65.98 66
Long Term Unemployment Rate 2 2.12 2.13 2.14 2.15 2.26
Youth Unemployment Rate 18.9 19.04 19.2 19.34 19.43 19.73
Labour Costs 108 107 107 108 108 108
Job Vacancies 56920 43882 45350 51896 48901 48870
Wages 3418 3405 3410 3420 3422 3460
Wages in Manufacturing 102 102 102 102 102 102
Population 5.5 5.52 5.52 5.52 5.51 5.56
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Part Time Employment 381 370 345 378 381 374
Wages Low Skilled 1760 1827 1827 1827 1827 1868
Wages High Skilled 3660 4000 4000 4000 4000 4074
Productivity 101 106 111 109 104 109
Living Wage Family 1740 1740 1740 1740 1748 1747
Living Wage Individual 1170 1134 1134 1133 1135 1140
Employment Change 0.7 0.64 0.66 0.56 0.53 0.21
Employment Rate 70.1 70.39 69.62 69.65 69.8 69.74
Full Time Employment 2018 2099 2124 2057 2040 2070