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Finland — Unemployment reaches 9.1% in March 2010

27 April 2010

The latest Labour Force Survey published today by Statistics Finland reveals that the number of employed persons in March 2010 was 2.4 million, which was 48,000 lower than a year earlier.

In March, the employment rate stood at 66.5%, which was 1.5 percentage points lower than one year before. Adjusted for seasonal and random variation, the trend of the employment rate was 67.4%.


Year-on-year employment among men fell by 0.7 percentage points to 66.9% and employment among women fell by 2.4 percentage points to 66.2%.

There were 240,000 unemployed individuals in March 2010, i.e. +18,000 more than in March of the year before. The number of unemployed men grew by +12,000, the number of unemployed women grew by +6,000.

At 9.1%, the unemployment rate was +0.8 percentage points higher in March than one year earlier. The trend of the unemployment rate was 8.9% in March.

The unemployment rate for men rose by +0.8 percentage points to 10.5%, the unemployment rate for women rose by +0.7 percentage points to 7.5+.

In March 2010, the unemployment rate among young people aged 15 to 24 was 25.5%, which was +3.9 percentage points higher than in March of the year before. The trend of the unemployment rate among young people was 23.7%.

The number of 15 to 74-year-olds not belonging to the labour force grew by +50,000 persons, of whom 42,000 were women.
 
To read the full Labour Force Survey in Finnish language please click here

 

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