📋 Tender Overview
The number of unemployed jobseekers fell by 65800. 111700 new job vacancies were announced in May. The total number of job vacancies was 221600 which is 66800 more than a year ago. At the end of May there were a total of 235400 unemployed jobseekers at employment and economic development offices and municipal trials. It is 65800 less than a year earlier and 3400 less than the previous month. Of the unemployed jobseekers 131000 were customers of municipal trials which is 23500 less than in May of the previous year. The number of unemployed jobseekers also includes those laid off full-time. The information appears in the Employment Review of the Ministry of Employment and the Economy.At the end of May 18100 people were laid off across the country which is 37900 less than in the corresponding period of the previous year. A total of 12000 people were laid off full-time which is 29200 less than in May of the previous year. From April the number of full-time layoffs decreased by 4600.There were 95300 long-term unemployedThere were 95300 long-term unemployed who had been unemployed for at least a year which is 15600 less than a year earlier. There were 91400 unemployed jobseekers over the age of 50 which is 19100 less than at the same time last year. There were 11200 fewer unemployed jobseekers under the age of 25 than in May of the previous year for a total of 24900.The number of new job vacancies increased111700 new job vacancies were reported in May which is 30800 more than in May of the previous year. A total of 221600 jobs were open in May which is 66800 more than a year ago. At the end of May there were 112600 people in the services included in the activation rate which is 800 less than a year earlier. These services include for example wage subsidies labor market training rehabilitative work and self-study.Statistics Finland Unemployment rate trend 6.1 per centAccording to Statistics Finlands Labor Force Survey there were 61000 more employed in May than a year earlier. The trend in the employment rate was 73.9 per cent which is 2.0 percentage points higher than in May of the previous year. According to the Labor Force Survey there were 227000 unemployed which was 68000 less than a year ago. The trend in the unemployment rate was 6.1 per cent or 1.8 percentage points lower than a year earlier.Key differences between employment statistics and the labor force surveyThe data are based on the Employment and Economic Development Statistics of the Ministry of Employment and the Economy and the Labor Force Survey of Statistics Finland. The source of the Ministry of Employment and the Economys Employment Statistics is the customer register of employment and economic development offices while Statistics Finlands Labor Force Survey is a sample survey. In the Employment and Economic Development Statistics of the Ministry of Employment and the Economy the definition of unemployment is that a person does not have an employment relationship and is not employed in business. In addition in employment statistics those laid off full-time are counted as unemployed but full-time students are not. The definition of unemployment in Statistics Finlands Labor Force Survey is stricter it requires the unemployed to seek active employment in the 4 weeks before and to be ready to take up work in the next 2 weeks. As internationally comparable Statistics Finlands Labor Force Survey produces official unemployment figures.
