📋 Tender Overview
The number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 92,200, down 3,200 on the previous year. The number of unemployed jobseekers over 50 years of age was 97,000, or 900 fewer than at the same time a year earlier. Unemployed jobseekers under 25 years of age numbered 500,30, representing an increase of 900 from July last year. In the January to July period, 57.9% of unemployed young people ended within three months of unemployment, which is 3.1 percentage points less than the year before.
Number of new vacancies decreased
The number of new vacancies reported during July totalled 50,100, or 24,600 fewer than in July the year before. In all, the number of unfilled vacancies in July amounted to 101,800, which was 59,200 fewer than a year ago.
At the end of July, the number of persons engaged in services included in the activation rate amounted to 100,000, up 2,000 on the previous year. These services include pay subsidies, labour market training, rehabilitative work activities and self-motivated studies.
Statistics Finland: Trend of unemployment rate 7.2 per cent
According to Statistics Finland's Labour Force Survey, the number of people in employment was 62,000 lower in July than one year earlier. The trend of the employment rate was 74.2%, which was 0.5 percentage points higher than in July the year before. According to the Survey, the unemployment total was 195,000, which is 5,000 more than a year ago. The trend of the unemployment rate was 7.2 per cent, or 0.3 percentage points higher than one year previously.
Key differences between the Employment Service Statistics and the Labour Force Survey
The data are based on the Employment Service Statistics of the Ministry of Economic Affairs and Employment and Statistics Finland's Labour Force Survey. The source of the Employment Service Statistics of the Ministry of Economic Affairs and Employment is the customer register of Employment and Economic Development Offices and municipal experiments, while Statistics Finland's Labour Force Survey is a sample survey.
In the Employment Service Statistics of the Ministry of Economic Affairs and Employment, unemployment is defined as a person not having an employment relationship or finding employment in entrepreneurial activities. In addition, in the Employment Service Statistics, persons fully laid off are included in the unemployed but not full-time students. The definition of unemployment in Statistics Finland's Labour Force Survey is stricter: it requires unemployed persons to actively seek work during the 4 weeks preceding and readiness to accept work during the following 2 weeks. Internationally comparable, Statistics Finland's Labour Force Survey produces official unemployment figures.
