Unemployment rate

Updated: 26 Jun 2018
Next update: 24 Jul 2018

The unemployment rate is the ratio of the unemployed to the active population (labour force) of the same age, i.e. employed and unemployed persons. The unemployment rate of the total population is calculated as the ratio of 15 to 74-year-old unemployed persons to the active population (labour force) of the same age.

A person is unemployed if he/she is without work during the survey week (not in paid employment or working as self-employed), has actively sought employment in the past four weeks as an employee or self-employed and would be available for work within two weeks. A person who is without work and waiting for an agreed job to start within three months is also classified as unemployed if he/she could start work within two weeks. Persons laid off for the time being who fulfil the above-mentioned criteria are also counted as unemployed.

Labour force: All persons aged 15 to 74 who were employed or unemployed during the survey week belong to the active population. The concept of labour force can also be used of the active population.

   

Employment improved further

According to Statistics Finland's Labour Force Survey, there were 261,000 (margin of error ±20,000) unemployed in May 2018, i.e. 35,000 fewer than one year earlier. The number of unemployed men was 132,000 and that of women 130,000.

At 9.3 per cent, the unemployment rate in May was 1.5 percentage points lower than one year earlier. The unemployment rate of men decreased by 1.3 percentage points to 9.1 per cent, and that of women by 1.7 percentage points to 9.5 per cent. The trend of the unemployment rate was 7.6 per cent.

Statistical release