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Slight improvements in employment rate continue

Finland's employment rate trend last month was 72.6 percent, according to Statistics Finland.

Rakennusmies
Työllisyysaste pysyi huhtikuussa selvästi yli 72 prosentissa. Image: Henrietta Hassinen / Yle

Last month there were 49,000 fewer unemployed people and 61,000 more who had jobs in Finland compared to the same period last year, according to Statistics Finland's Labour Force Survey.

The agency's survey, published on Wednesday, stated that Finland's unemployment rate in March "clearly decreased" compared to the year before.

Adjusted for seasonal and random variation, the employment rate trend reached 72.6 percent last month, which was a tenth of a percentage point higher than in February. The trend continued to exceed the outgoing government's goal of a 72 percent employment rate, which was reached late last year.

Meanwhile, the unemployment rate from January to March stood at 7.1 percent - which was 1.7 percentage points lower than it was during the same period in 2018.

Nearly a quarter million people, or roughly 238,000 - were registered as jobseekers at the country's TE employment offices, or about 26,000 lower than in March of last year.

At the end of March, the number of people who were laid off and registered at TE offices was 15,000, which was the same as the year before, according to the agency.

Figures broken down

There were 191,000 unemployed people in Finland last month, including 117,000 men and 74,000 women. The statistics agency's margin of error was 18,000 individuals in either direction.

During the first quarter of this year there was an average of 2.51 million people who had jobs in Finland, or about 44,000 more than the corresponding period in 2018.

The agency said that in March there were some 616,000 residents between the ages of 15-24 living in Finland. About 252,000 of those had jobs while around 65,000 did not, which brought unemployment rate in that age bracket to 20.4 percent, or 3.7 percentage points lower than in 2018.

The agency's number crunchers said that there were 1,423,000 individuals who were not in the labour force during the first quarter of this year. Finland's total working-age population is roughly 4.12 million, according to Statistics Finland.

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