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The ranks of the unemployed grew by 20,000 to 227,000 between December, 2016, and December, 2017, according to Statistics Finland.
The ranks of the unemployed grew by 20,000 to 227,000 between December, 2016, and December, 2017, according to Statistics Finland.

 

Olli Kärkkäinen, an economist at Nordea, has expressed his delight with the latest employment data published by Statistics Finland on Thursday.

“The trend of the employment rate is currently improving rapidly; the upswing is finally having an impact also on employment. The development may even allow the government to reach its target of 72 per cent ahead of schedule. And that is naturally something we all want,” he stated on Twitter.

Statistics Finland reported yesterday that the trend of the employment rate – that is, the employment rate adjusted for seasonal and random variation – improved to 70.7 per cent in December, 2017.

The employment statistics also caught the attention of Juhana Vartiainen (NCP), who pointed out that the employment rate for 15–64-year-old people increased by as much as 1.8 percentage points between December, 2016, and December, 2017.

Statistics Finland’s labour force survey also found that the ranks of the unemployed grew by 20,000 to 227,000 last December. The unemployment rate, similarly, crept up by 0.5 percentage points from the previous year to 8.4 per cent.

The average unemployment rate for last year was 8.6 per cent, 0.2 percentage points lower than that for 2016.

Employment, on the other hand, has increased. Statistics Finland estimated that the ranks of the employed grew by 48,000 over the past year to 2,469,000 in December, while the employment rate – the proportion of the working-age population who are employed – improved by 1.6 percentage points to 69.6 per cent.

Aleksi Teivainen – HT
Photo: Emmi Korhonen – Lehtikuva
Source: Uusi Suomi

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