Unemployment rate

Updated: 21 Aug 2018
Next update: 25 Sep 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.

   

Unemployment decreased in July from one year earlier

According to Statistics Finland's Labour Force Survey, there were 183,000 unemployed in July 2018 (margin of error ±18,000), i.e. 24,000 fewer than in July of the year before. The number of unemployed men was 95,000 and that of women 88,000.

At 6.5 per cent, the unemployment rate was 1.0 percentage points lower in July than one year earlier. The unemployment rate of men decreased by 0.9 percentage points to 6.5 per cent, and that of women by 1.2 percentage points to 6.5 per cent as well from the year before. The trend of the unemployment rate was 7.3 per cent.

Statistical release