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Finland — Unemployment rate at 9.2% in February 2010

24 March 2010

According to the latest Labour Force Survey published by Statistics Finland (Tilastokeskus), there were 42,000 more persons unemployed in February 2010 than in February 2009. The unemployment rate grew by 1.6 percentage points to 9.2 per cent from one year ago. The number of employed persons decreased by 42,000.

In February, the employment rate stood at 66.4 per cent, which was 1.6 percentage points lower than one year previously. Adjusted for seasonal and random variation, the trend of the employment rate was 67.3 per cent. Compared to February 2009, male employment fell by 1.9 percentage points to 66.3 per cent, female employment fell by 1.2 percentage points to 66.5 per cent.

There were 242,000 unemployed in February 2010,which was 42,000 more than in February 2009. The number of unemployed men grew by 27,000 and that of unemployed women by 15,000.

At 9.2 per cent, the unemployment rate was 1.6 percentage points higher in February than one year earlier. The unemployment rate for men rose by 2.0 percentage points to 10.1 per cent, and that for women by 1.2 percentage points to 8.2 per cent.

In February, the unemployment rate among young people aged 15 to 24 was 25.7 per cent, which was 5.9 percentage points higher than in February 2009.

The number of persons covered by labour market policy measures totalled 84,000 at the end of February, which was 4,000 more than in February of the year before. Altogether 3.2 per cent of the labour force was covered by labour market policy measures.

During this February, 49,000 new vacancies were reported to the employment and economic development offices, which is 2,000 more than in February 2009.

To read the full Labour Market Survey in Finnish language please click here



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