A total of 28,000 women joined the ranks of the employed in Finland between December 2017 and December 2018, according to Statistics Finland. (Credit: Antti Aimo-Koivisto – Lehtikuva)

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THE TREND of the employment rate stood at 72.5 per cent in Finland in December, according to Statistics Finland.

The latest labour market survey conducted by the statistical institution indicates that 84,000 people – 56,000 men and 28,000 women – joined the ranks of the employed between December 2017 and December 2018, raising the total number of employed people to 2,553,000.

Sami Pakarinen, the chief economist at the Confederation of Finnish Industries (EK), on Thursday stated that the newly released statistics are great particularly because they show that employment is on the rise among 25–34-year-old men.

“Employment is increasing rapidly particularly among 25–34-year-old men. December’s figures are the highest since 2008,” he commented on Twitter.

Timo Vesala, the chief economist at Savings Bank Finland, similarly called attention to how the employment situation has developed for young men, highlighting that the employment rate did not rise as rapidly for any other demographic.

Statistics Finland on Thursday also reported that the trend of the unemployment rate fell to 6.6 per cent in Finland in December. The ranks of the jobless, it reported, fell by 82,000 from the previous year to 146,000, with men accounting for 72,000 and women for 74,000 of the unemployed.

Raising the employment rate from 68 to 72 per cent was one of the key objectives of the government of Prime Minister Juha Sipilä (Centre).

“I don’t think any economist was expecting such a positive employment development,” commented Olli Kärkkäinen, an economist at Nordea. “A couple of years ago, it was deemed unlikely that the 72 per cent target for employment could be met. Also I did not consider it realistic. I’m glad I was wrong on this issue.”

Aleksi Teivainen – HT
Source: Uusi Suomi

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