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According to the latest Labour Force Survey published today by Statistics Finland (Tilastokeskus) the number of employed persons in May 2010 was 2,482,000, which was -13,000 lower than a year earlier.
The employment rate (15 to 64 year olds) stood at 68.6%, which was -0.7 percentage points lower than one year earlier. The employment rate of men was 68.3% and that of women 69%. The employment rate among 15 to 54-year-olds decreased, while that of 55 to 64-year-olds grew. Adjusted for seasonal and random variation, the trend of the employment rate was 67.8%.
According to the Labour Force Survey, there were 293,000 unemployed in May 2010, which is -12,000 fewer than in May of the year before.
At 10.5%, the unemployment rate was -0.3 percentage points lower in May 2010 than one year earlier. The unemployment rate of men remained unchanged at 12.0% and that of women declined by -0.7 percentage points to 9%. Adjusted for seasonal and random variation, the trend of the unemployment rate was 8.4%.
The number of 15 to 74-year-olds not in the labour force was +43,000 higher in May than twelve months earlier.
The Labour Force Survey's unemployment figures are as a rule high in May , when students enter the labour market (graduate or look for summer jobs). The unemployment figures usually return to a lower level already in June.
In May the number of unemployed persons aged 15 to 24 was 137,000, which was -22,000 lower than a year earlier. The lower number of young unemployed was partly due to the fact that a larger share of 15 to 24-year-old students than before remained outside the labour market, that is, did not look for a job. Thus, the number of 15 to 24-year-olds not belonging to the labour force was now +28,000 higher than one year earlier.
In May 2010 the unemployment rate among young people aged 15 to 24 was 35.2%, which is -3.1 percentage points lower than one year earlier.