Finland's unemployment rate increased to 7.4 percent in October of 2020 from 6.2 percent in the same month the previous year, as the number of unemployed rose by 34 thousand to 203 thousand while the number of employed dropped by 27 thousand to 2.53 million. The activity rate was up to 66.2 percent in October from 66.0 percent a year earlier, and the employment rate eased to 71.5 percent from 72.0 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 18.6 percent in October, which was 3.7 percentage points higher than a year earlier. source: Statistics Finland
Unemployment Rate in Finland averaged 6.42 percent from 1959 until 2020, reaching an all time high of 19.90 percent in May of 1994 and a record low of 0.70 percent in September of 1961. This page provides the latest reported value for - Finland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Unemployment Rate in Finland is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Finland to stand at 9.30 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 9.00 percent in 2021 and 7.20 percent in 2022, according to our econometric models.