Published: 24 June 2020
Employment weakened and unemployment grew in May compared to twelve months ago
According to Statistics Finland’s Labour Force Survey, the number of employed people was 96,000 lower in May 2020 than one year ago. There were 46,000 more unemployed than in May 2019. The number of persons in disguised unemployment in the inactive population was 67,000 higher than one year earlier. The trend of the employment rate was 72.6 per cent and the trend of the unemployment rate was 6.8 per cent.
Employment rate and trend of employment rate 2010/05–2020/05, persons aged 15–64
Employment and unemployment vary quite considerably by month and the change from the observation of the previous month mainly describes the seasonal aspect rather than the trend in development. Thus, the latest statistical data are compared to the corresponding period of the year before. By contrast, the figures of the trend series that are adjusted for seasonal and random variation are mutually comparable and phenomena associated with long-term development and cyclical changes are thus more easily observable from the trend of the time series.
The trend usually changes somewhat when the data of the following month are included in the time series. This preliminary nature of trend figures should be considered when making conclusions. Due to the coronavirus, much untypical variation is expected in the time series in spring and summer 2020. This may be reflected in bigger revisions to seasonally adjusted figures than usual. The figures reported in this release are not adjusted for seasonal variation unless separately mentioned that they concern the trend. Find out more about the trend here .
The trend of the employment rate was 72.6 per cent in May and the trend of the unemployment rate was 6.8 per cent.
In May 2020, the number of employed persons was 2,491,000 (margin of error ±36,000), which was 96,000 lower than a year earlier. There were 46,000 fewer employed men and 50,000 fewer employed women than in May 2019.
In May 2020, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 70.4 per cent, having been 73.1 per cent one year earlier. From the previous year’s May, the employment rate of men aged 15 to 64 fell by 2.8 percentage points to 71.5 per cent and that of women by 2.5 percentage points to 69.3 per cent.
According to Statistics Finland's Labour Force Survey, there were 295,000 unemployed (margin of error ±24,000) in May 2020, i.e. 46,000 more than one year earlier. The number of unemployed men was 159,000 and that of women 137,000.
The unemployment rate was 10.6 per cent in May, having been 8.8 per cent in the year before. From last year’s May, men’s unemployment rate rose by 1.9 percentage points to 10.9 per cent and women’s by 1.8 percentage points to 10.3 per cent.
In May, there were a total of 608,000 young people aged 15 to 24 . Of them, 220,000 were employed and 140,000 unemployed. Thus, the number of young people in the active population, i.e. the employed and unemployed in total, was 360,000. In May, the unemployment rate for young people aged 15 to 24, that is, the proportion of the unemployed among the labour force, stood at 39.0 per cent, which was 9.5 percentage points higher than one year previously. The trend of the unemployment rate among young people was 18.4 per cent. The share of unemployed young people aged 15 to 24 among the population in the same age group was 23.1 per cent.
There were 1,348,000 persons in the inactive population in May 2020, which was 59,000 more than one year earlier. Of the inactive population, 162,000 persons were in disguised unemployment , which was 67,000 more than in May 2019.
Changes in employment 2019/05 – 2020/05 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74
Year/Month | Change | ||
2019/05 | 2020/05 | 2019/05 - 2020/05 | |
1000 persons | Per cent, % | ||
Population total | 4 125 | 4 134 | 0,2 |
Active population total | 2 835 | 2 786 | –1,7 |
Employed | 2 587 | 2 491 | –3,7 |
– employees | 2 243 | 2 153 | –4,0 |
– self-employed persons and unpaid family workers | 344 | 338 | –1,8 |
Unemployed | 249 | 295 | 18,7 |
Inactive population | 1 289 | 1 348 | 4,6 |
– persons in disguised unemployment | 95 | 162 | 71,2 |
Per cent, % | Percentage points | ||
Employment rate, persons aged 15–64 | 73,1 | 70,4 | –2,7 |
Unemployment rate | 8,8 | 10,6 | 1,8 |
Activity rate | 68,7 | 67,4 | –1,3 |
Unrounded figures are used in the
Change column. The data comply with the ILO/EU definition. |
Employment Service Statistics of the Ministry of Economic Affairs
and Employment
At the end of May 2020, there were altogether 433,000 persons registered in accordance with the Employment Office Regulations as unemployed job seekers at the employment and economic development offices. The number of unemployed job seekers was 206,000 higher than in May last year.
Unemployment rose in May from the corresponding period last year in the areas of all Centres for Economic Development, Transport and the Environment: most in Uusimaa (118%), Ostrobothnia (109%) and South Ostrobothnia (103%). The number of unemployed job seekers grew least in Kainuu (53%), North Karelia (53%), Southeast Finland (63%), Central Finland (65%) and South Savo (66%). At the end of May, the number of fully laid off persons registered at the employment and economic development offices was 158,000, which was 150,000 more than twelve months earlier.
The number of persons engaged in services included in the activation rate totalled 106,000 at the end of May, which was 18,000 fewer than in May of the year before. Altogether, 3.8 per cent of the labour force was covered by labour market policy services.
There were 56,000 unemployed job seekers aged under 25 registered at the employment and economic development offices. Their number was 28,000 higher than in last year's May. During May, 45,000 new vacancies were reported to the employment and economic development offices, which was 21,000 fewer than in May 2019.
Changes 2019/05–2020/05 according to the Employment Service Statistics of the Ministry of Economic Affairs and Employment
Year/Month | Change | ||
2019/05 | 2020/05 | 2019/05 - 2020/05 | |
1000 persons | Per cent, % | ||
Unemployed job seekers | 227 | 433 | 91,0 |
– unemployed over a year | 62 | 70 | 11,8 |
Services, total | 124 | 106 | –14,6 |
– employed | 25 | 21 | –15,6 |
– in labour market training, in training | 22 | 24 | 6,6 |
– engaged in work/training trials | 10 | 5 | –52,3 |
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit | 66 | 56 | –15,9 |
New vacancies at employment and economic development offices | 66 | 45 | –31,6 |
Unrounded figures are used in the Change column. |
Contact information for the Ministry of Economic Affairs and
Employment:
Petri Syvänen, tel. +358 29 504 8050,
Employment bulletin
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 .
The latest seasonally adjusted employment figures published by the
EU and
the latest data on open job vacancies published by the EU can
be found on
Eurostat's home page http://ec.europa.eu/eurostat
.
Source: Labour force survey 2020, May. Statistics Finland
Inquiries: Kirsi Toivonen 029 551 3535, Tatu Leskinen 029 551 3285, tyovoimatutkimus@stat.fi
Director in charge: Jari Tarkoma
Publication in pdf-format (450.5 kB)
- Tables
-
Tables in databases
Pick the data you need into tables, view the data as graphs, or download the data for your use.
Appendix tables
- Appendix table 1. Key indicators in the Labour Force Survey by sex 2019/05 - 2020/05 (24.6.2020)
- Appendix table 2. Population aged 15-74 by labour force status and sex 2019/05 - 2020/05 (24.6.2020)
- Appendix table 3. Population by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 4. Active population by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 5. Activity rates by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 6. Employed persons by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 7. Employment rates by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 8. Employed persons aged 15-74 by status in employment 2019/05 - 2020/05 (24.6.2020)
- Appendix table 9. Employed persons aged 15-74 by employer sector 2019/05 - 2020/05 (24.6.2020)
- Appendix table 10. Employed persons aged 15-74 by Regional State Administrative Agencies (AVI) 2019/05 - 2020/05 (24.6.2020)
- Appendix table 11. Part-time employed persons aged 15-74 by sex 2019/05 - 2020/05 (24.6.2020)
- Appendix table 12. Proportion of part-time employed persons in all employed persons aged 15-74 by sex 2019/05 - 2020/05, % (24.6.2020)
- Appendix table 13. Employees aged 15-74 by type of employment relationship 2019/05 - 2020/05 (24.6.2020)
- Appendix table 14. Employees aged 15-74 by type of employment relationship 2019/05 - 2020/05, % (24.6.2020)
- Appendix table 15. Unemployed persons by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 16. Unemployment rates by sex and age 2019/05 - 2020/05 (24.6.2020)
- Appendix table 17. Unemployment rates by Regional State Administrative Agencies (AVI) 2019/05 - 2020/05, persons aged 15-74 (24.6.2020)
- Appendix table 18. Seasonally adjusted trends 2020/05 (24.6.2020)
- Figures
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- Appendix figure 1. Employment rate and trend of employment rate 2010/05 - 2020/05 persons aged 15 - 64 (24.6.2020)
- Appendix figure 2. Unemployment rate and trend of unemployment rate 2010/05 - 2020/05, persons aged 15 - 74 (24.6.2020)
- Appendix figure 3. Employment rate and trend of employment rate 1989/01 - 2020/05 persons aged 15 - 64 (24.6.2020)
- Appendix figure 4. Unemployment rate and trend of unemployment rate 1989/01 - 2020/05, persons aged 15 - 74 (24.6.2020)
- Quality descriptions
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- Quality Description: Labour force survey (24.6.2020)
Updated 24.6.2020
Official Statistics of Finland (OSF):
Labour force survey [e-publication].
ISSN=1798-7857. May 2020. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/tyti/2020/05/tyti_2020_05_2020-06-24_tie_001_en.html