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Finland's employment rate stagnated in first half of the year

However, there were 16,000 more employed people in June than the same month a year ago.

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The total number of people employed in Finland in June 2019 stands at 2.6 million, according to Statistics Finland. Image: AOP

Finland's employment rate increased only very slightly during the first half of this year and currently stands at 72.4 percent, according to revised figures published by the national statistical institution Statistics Finland.

The number crunching agency reported that Finland's unemployment rate currently stands at 6.5 percent.

The employment rate measures the share of employed people in the population aged 15-64, and the statistics take account of seasonal and random variations in the employment situation over the course of the six month period.

Government's target is 75 percent

The total number of people employed in Finland in June was 2.6 million, and the current employment rate is a slight increase on the rate recorded in June 2018, of 71.7 percent.

Statistics Finland also reported that there were 16,000 fewer unemployed people in June than during the same month last year.

The rate of employment in Finland is constantly tracked, and it has been seen as a key measure of the success or failure of each government's employment initiatives.

The previous government led by Juha Sipilä achieved its target of a 72 percent employment rate at the end of last year. The current government has set itself a target of 75 percent, a goal which has been seen as challenging given the current slow rate of economic growth.

Prime Minister Antti Rinne announced at the government and social partners' employment seminar in June that the 75 percent employment rate target is the government's primary objective for all economic activities.

"If necessary, decisive action will be taken to achieve this objective. No options are excluded," Rinne commented at the time.

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