Finland Unemployment Rate - Forecast

Unemployment Rate in Finland is expected to be 9.90 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 7.50 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 8.8 9.9 9 7.2 7.5 7.1
Employed Persons 2462 2455 2434 2420 2409 2372
Unemployed Persons 238 225 227 225 224 218
Labor Force Participation Rate 64.1 65.5 66.39 66.35 66.22 66.22
Long Term Unemployment Rate 2.1 2.11 2.12 2.13 2.14 2.26
Youth Unemployment Rate 18.7 16.87 14.75 13.22 12.16 14.62
Labour Costs 108 107 106 106 106 103
Job Vacancies 68451 70536 48548 42562 36286 22174
Wages 3391 3395 3395 3395 3394 3356
Wages in Manufacturing 101 101 101 102 102 105
Population 5.5 5.52 5.52 5.52 5.52 5.56
Retirement Age Women 65 65 65 65 65 64
Retirement Age Men 65 65 65 65 65 64
Part Time Employment 337 366 363 344 351 350
Wages Low Skilled 1760 1827 1827 1827 1827 1868
Wages High Skilled 3660 4000 4000 4000 4000 4074
Productivity 109 99.97 104 107 104 104
Living Wage Family 1740 1740 1740 1740 1740 1766
Living Wage Individual 1170 1135 1134 1134 1133 1139
Employment Change 0.2 0.13 0.11 0.09 0.08 0
Employment Rate 67 67.58 67.55 67.59 67.59 67.63
Full Time Employment 2096 1980 2062 2089 2010 2009