Finland's unemployment rate declined to 7.9 percent in May of 2022 from 10.3 percent in the same month the previous year. The number of unemployed decreased by 68 thousand to 227 thousand, while the number of employed increased 61 thousand to 2.641 million. The unemployment rate for people aged 15 to 24 stood at 22.6 percent in May, which was 8.7 percentage points lower than a year earlier. The activity rate edged down to 69.6 percent in May from 69.7 percent a year earlier, and the employment rate rose to 74.7 percent from 73.0 percent. source: Statistics Finland
Unemployment Rate in Finland averaged 6.44 percent from 1959 until 2022, 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 June of 2022.
Unemployment Rate in Finland is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Unemployment Rate is projected to trend around 7.20 percent in 2023, according to our econometric models.