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Employment rate rises to 73.5% in December, unemployment falls

However, an economist pointed out that the long-term unemployment figure increased last month.

There were 16,000 fewer unemployed people in Finland in December compared to December 2020. Image: Tiina Jutila / Yle

Finland's employment rate trend rose to 73.5 percent in December, with 128,000 more employed people compared to the same month a year prior, according to results from the latest Labour Force Survey published by Statistics Finland.

The number-crunching agency's figures also revealed that there were 16,000 fewer unemployed people in Finland last month compared to December 2020. The unemployment rate therefore stood at 7.0 percent.

Statistics Finland defines an employed person as being between the ages of 18 and 74 who was employed during the last week of the year, and were not out-of-work jobseekers in the Ministry of Employment and the Economy's register, nor performing conscript or civilian service roles.

The rates of employment and unemployment can vary considerably from month to month, due to seasonal and other factors. Statistics Finland compared trends to the same month of previous years, so that long-term developments could be observed.

In response to the latest Labour Force Survey, the Central Chamber of Commerce's Chief Economist Jukka Appelqvist wrote on Twitter that employment growth has been very strong.

However, he also noted that the situation for people in long-term employment remains bleak, citing the report's finding that the number of people that have been unemployed for over a year had increased by 16 percent to over 107,000.