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Jobless persons up 28,000 from 2014, unemployment now at 11.8%

The number of people out of work increased by 30,000 since 2014, new figures show. According to Statistics Finland the unemployment rate increased to 11.8 percent at the end of May, compared to 10.8 percent one year ago.

The number of long-term unemployed grew by 18,000 since May 2014. Image: Laura Valta / Yle

The data handlers at Statistics Finland said the number of out-of-work jobseekers at the end of May climbed to 324,000, up some 28,000 from a year earlier.

Meanwhile the Ministry of Employment and the Economy said their records showed more than 329,000 jobless persons in May. That represents 27,400 more than the previous year, but was a decline of nearly 10,000 from the previous month, April.

The ministry’s labour force survey also indicated that the number of long term unemployed crossed the 105,000-mark, an increase of more than 18,000 over last year. The number of jobseekers who’d passed their 50th birthday also rose to 123,600 from 113,800 in the one-year period.

At the same time, the number of job vacancies increased. The ministry noted that in May there were 39,400 new employment notices, roughly 3,000 more than in May 2014. Altogether employers were looking for applicants to fill 85,900 job vacancies, nearly 11,000 more than last year.

The ministry typically posts different unemployment data from that of Statistics Finland, because it draws figures directly from jobseekers registered with local employment offices. Statistics Finland’s figures meanwhile are based on data samples.

Labour Minister: Reforms to be rolled out rapidly

Responding to the latest unemployment figures, Labour Minister Jari Lindström said that he was concerned about the growing jobless rate.

“The government programme must implement bold reforms as quickly and thoroughly as possible to get employment back on a growth footing,” the minister said in a statement Wednesday.

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