📋 Tender Overview
At the end of October there were a total of 312700 unemployed jobseekers at the employment and economic development offices. Thats 88000 more than a year earlier. The number of unemployed jobseekers decreased by 3100 from the previous month. 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 October 74900 people were laid off across the country which is 58300 more than at the same time last year. A total of 57200 people were laid off full-time which is 46300 more than in October of the previous year. From September the number of full-time layoffs increased by 400.There were 82000 long-term unemployed ie those who had been unemployed for at least one year at a time which is 20700 more than a year earlier. There were 114400 unemployed jobseekers over the age of 50 which is 28200 more than at the same time last year.The number of unemployed young jobseekers under the age of 25 was 9600 higher than in October of the previous year or a total of 36300.The number of new job vacancies decreasedDuring October 53000 new job vacancies were reported to TE offices which is 12100 less than in October of the previous year. In total 100600 jobs were open in TE offices in October which is 20400 less than a year ago.At the end of October there were 118500 people in services included in the activation rate which is 5500 less than a year earlier. These services include for example wage subsidies labor market training work trials and self-study.Statistics Finland Unemployment rate 7.4 per centAccording to Statistics Finlands Labor Force Survey there were 26000 fewer employed in October than a year earlier. The employment rate was 71.5 per cent which is 0.5 percentage points lower than in October of the previous year. According to the Labor Force Survey there were 203000 unemployed which was 34000 more than a year ago. The unemployment rate was 7.4 per cent or 1.2 percentage points higher 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 Statistics Finlands Labor Force Survey. The source of the Employment Employment Statistics of the Ministry of Employment and the Economy 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 has no employment relationship and is not employed in business. In addition in the Employment Services statistics those laid off full-time are counted as unemployed but full-time students are not. Statistics Finlands Labor Force Surveys definition of unemployment is stricter it requires the unemployed to actively seek work in the 4 weeks before and to be willing to take up work in the next 2 weeks. Internationally comparable Statistics Finlands Labor Force Survey produces official unemployment figures.
