Last updated 22/06/2020 - 16:25
Unemployment and lay-offs of young people increased considerably
At the end of January, there were 9,720 unemployed young people in the Helsinki region, which is 73 per cent more than the previous year. In all of Finland, the number of unemployed young people increased by 39 per cent. According to the client register of the Ministry of Economic Affairs and Employment, the number of unemployed people under the age of 25 increased considerably as a result of the COVID-19 epidemic. The unemployment and lay-offs of young people increased the most in the service and sales sectors. Young women were particularly affected by the increased unemployment.
At the end of March, the number of unemployed young people in Helsinki, Espoo, Vantaa and the KUUMA municipalities were 4,215, 1,584, 1,869 and 2,024, respectively. A total of 41,081 people under the age of 25 were unemployed in all of Finland. The number of unemployed people between the ages 25 and 29 also increased considerably compared to the previous year.
The rate of youth unemployment in the Helsinki region began to grow notably in 2013, but took a downward turn in 2016. The decline was rapid between 2018 and 2019 but slowed down towards the end of last year.