Published: 23 September 2014
Unemployment rate 7.4 per cent in August
According to Statistics Finland’s Labour Force Survey, the number of unemployed persons in August 2014 was 197,000, which was 6,000 higher than one year ago. The unemployment rate was 7.4 per cent, having been 7.1 per cent in August of the year before. The number of employed persons was 21,000 lower than in last year's August. The weak labour market situation does not encourage people to seek work actively, which is visible as an increase in disguised unemployment. The number of persons in disguised unemployment in the inactive population was 32,000 higher than one year earlier.
Unemployment rate and trend of unemployment rate 2004/08–2014/08, persons aged 15–74
![Unemployment rate and trend of unemployment rate 2004/08–2014/08, persons aged 15–74](tyti_2014_08_2014-09-23_tie_001_en_001.gif)
In August 2014, the number of employed persons was 2,465,000, which was 21,000 lower than a year earlier (margin of error ±32,000). There were 29,000 fewer employed men and 8,000 more employed women than in August 2013. The number of employed persons decreased in both the private and the public sector. The number of employees went down and that of self-employed persons and unpaid family workers remained almost unchanged compared with August 2013.
In August 2014, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 68.9 per cent, having been 69.4 per cent one year earlier. Men’s employment rate was 69.0 per cent and women’s 68.8 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.1 per cent.
According to Statistics Finland's Labour Force Survey, there were 197,000 unemployed in August 2014, i.e. 6,000 more than one year earlier (margin of error ±17,000). The number of unemployed men was 105,000 and that of women 91,000.
The unemployment rate in August 2014 was 7.4 per cent and one year earlier it was 7.1 per cent. Men’s unemployment rate was 7.7 per cent and women’s 7.0 per cent. The trend of the unemployment rate was 8.2 per cent.
In August, there were a total of 651,000 young people aged 15 to 24 . Of them, 290,000 were employed and 37,000 unemployed. Thus, the labour force of young people (employed and unemployed) totalled 327,000. The share of unemployed people aged 15 to 24 among the population in the same age group was 5.6 per cent. In August, the unemployment rate for young people aged 15 to 24, that is, the proportion of the unemployed among the labour force, stood at 11.2 per cent, which was 2.4 percentage points lower than one year previously. The trend of the unemployment rate among young people was 19.1 per cent.
There were 1,434,000 persons in the inactive population in August 2014, which was 24,000 more than in August 2013. Of the inactive population, 149,000 persons were in disguised unemployment , which was 32,000 more than in the corresponding period of 2013.
Changes in employment 2013/08 – 2014/08 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74
Year/Month | Change | ||
2013/08 | 2014/08 | 2013/08 - 2014/08 | |
1000 persons | Per cent, % | ||
Population total | 4 087 | 4 096 | 0,2 |
Active population total | 2 676 | 2 662 | –0,6 |
Employed | 2 486 | 2 465 | –0,8 |
– employees | 2 139 | 2 118 | –1,0 |
– self-employed persons and unpaid family workers | 346 | 347 | 0,3 |
Unemployed | 191 | 197 | 3,2 |
Inactive population | 1 411 | 1 434 | 1,7 |
– Persons in disguised unemployment | 116 | 149 | 28,0 |
Per cent, % | Percentage points | ||
Employment rate, persons aged 15 to 64 | 69,4 | 68,9 | –0,5 |
Unemployment rate | 7,1 | 7,4 | 0,3 |
Activity rate | 65,5 | 65,0 | –0,5 |
Unrounded figures are used in the
Change column. The data comply with the ILO/EU definition. |
Employment Service Statistics of the Ministry of Employment and the Economy
At the end of August 2014, there were altogether 319,000 persons registered in accordance with the Employment Office Regulations as job seekers at the employment and economic development offices. The number of unemployed job seekers was 29,000 higher than in last year's August.
Unemployment increased from the previous year's August in the areas of all other Employment and Economic Development Centres except in North Karelia (-1%): most in Uusimaa (16%), Satakunta (11%) and Central Finland (11%). At the end of August, the number of temporarily laid off persons registered at the employment and economic development offices was 19,000, which was 3,000 more than twelve months earlier.
The number of persons engaged in services included in the activation stage totalled 117,000 at the end of August, which was 15,000 more than in August of the year before. Altogether, 4.4 per cent of the labour force was covered by labour market policy services.
There were 44,000 unemployed job seekers aged under 25 registered at the employment and economic development offices. Their number was 5,000 higher than in last year's August. During this August, 36,000 new vacancies were reported to the employment and economic development offices, which was the same as in August 2013.
Changes 2013/08–2014/08 according to the Employment Service Statistics of the Ministry of Employment and the Economy
Year/Month | Change | ||
2013/08 | 2014/08 | 2013/08 - 2014/08 | |
1000 persons | Per cent, % | ||
Unemployed job seekers 1) | 290 | 319 | 10,1 |
– unemployed over a year | 76 | 92 | 20,9 |
Services, total | 102 | 117 | 14,4 |
– employed | 33 | 39 | 18,0 |
– in labour market training, in training | 25 | 24 | –4,5 |
– in trainee places, engaged in work/training trials | 8 | 9 | 4,8 |
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit | 35 | 45 | 26,8 |
New vacancies at employment and economic development offices | 36 | 36 | 0,8 |
Unrounded figures are used in the Change column. |
Links: Law reform 1
January 2013
Change
in the lay-off procedure 1 July 2013
Contact information for the Ministry of Employment and the
Economy:
Petri Syvänen tel. +358 29 504 8050, http://www.tem.fi/employmentbulletin
Links
Labour Force Survey tables in databases
About seasonally adjusted trend
The accuracy of figures and the margins of error are explained in the quality description of the Labour Force Survey
Latest seasonally adjusted employment figures published by the EU can be found on Eurostat's home page http://epp.eurostat.ec.europa.eu
Source: Labour force survey 2014, August. Statistics Finland
Inquiries: Joanna Viinikka 029 551 3796, Liisa Larja 029 551 3461, tyovoimatutkimus@stat.fi
Director in charge: Riitta Harala
Publication in pdf-format (465.6 kB)
- Tables
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Tables in databases
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Appendix tables
- Appendix table 1. Key indicators in the Labour Force Survey by sex 2013/08 - 2014/08 (23.9.2014)
- Appendix table 2. Population aged 15-74 by labour force status and sex 2013/08 - 2014/08 (23.9.2014)
- Appendix table 3. Population by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 4. Active population by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 5. Activity rates by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 6. Employed persons by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 7. Employment rates by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 8. Employed persons aged 15-74 by status in employment 2013/08 - 2014/08 (23.9.2014)
- Appendix table 9. Employed persons aged 15-74 by employer sector 2013/08 - 2014/08 (23.9.2014)
- Appendix table 10. Employed persons aged 15-74 by Regional State Administrative Agencies (AVI) 2013/08 - 2014/08 (23.9.2014)
- Appendix table 11. Part-time employed persons aged 15-74 by sex 2013/08 - 2014/08 (23.9.2014)
- Appendix table 12. Proportion of part-time employed persons in all employed persons aged 15-74 by sex 2013/08 - 2014/08, % (23.9.2014)
- Appendix table 13. Employees aged 15-74 by type of employment relationship 2013/08 - 2014/08 (23.9.2014)
- Appendix table 14. Employees aged 15-74 by type of employment relationship 2013/08 - 2014/08, % (23.9.2014)
- Appendix table 15. Unemployed persons by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 16. Unemployment rates by sex and age 2013/08 - 2014/08 (23.9.2014)
- Appendix table 17. Unemployment rates by Regional State Administrative Agencies (AVI) 2013/08 - 2014/08, persons aged 15-74 (23.9.2014)
- Appendix table 18. Seasonally adjusted trends 2014/08 (23.9.2014)
- Figures
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- Appendix figure 1. Employment rate and trend of employment rate 2004/08 - 2014/08, persons aged 15 - 64 (23.9.2014)
- Appendix figure 2. Unemployment rate and trend of unemployment rate 2004/08 - 2014/08, persons aged 15 - 74 (23.9.2014)
- Appendix figure 3. Employment rate and trend of employment rate 1989/01 - 2014/08, persons aged 15 - 64 (23.9.2014)
- Appendix figure 4. Unemployment rate and trend of unemployment rate 1989/01 - 2014/08, persons aged 15 - 74 (23.9.2014)
- Quality descriptions
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- Quality Description: Labour force survey (23.9.2014)
Updated 23.9.2014
Official Statistics of Finland (OSF):
Labour force survey [e-publication].
ISSN=1798-7857. August 2014. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/tyti/2014/08/tyti_2014_08_2014-09-23_tie_001_en.html