Unemployment rate

Last updated 27/03/2018 - 12:29

Unemployment rates continue to decline

According to the client register of the Ministry of Economic Affairs and Employment, the unemployment rate in the Helsinki region stood at 8.5 per cent at the end of December. The unemployment rate declined from last year by 1.4 percentage points.  The unemployment rate was lower in all municipalities of the Helsinki Metropolitan Area as well as in the KUUMA municipalities in comparison with the previous year. In all of Finland, the unemployment rate declined by 1.5 percentage points to 9.7 per cent of the labour force.

According to the Ministry of Economic Affairs and Employment, the unemployment rate was 9.3 per cent in Helsinki, 7.9 per cent in Espoo, 8.7 per cent in Vantaa and 7.3 per cent in the KUUMA municipalities at the end of December. The information is collected on a monthly basis from the registers of the Employment and Economic Development Offices.

Furthermore, according to the sample-based Labour Force Survey of Statistics Finland, the unemployment rate declined by 1.0 percentage points in the Helsinki region. In October–December, the unemployment rate in the Helsinki region was 6.1 per cent, 6.4 per cent in Helsinki and nationally 6.0 per cent of the entire labour force.

The unemployment rate began to rise in 2008 but, according to the client register data of the Ministry of Economic Affairs and Employment, took a downward turn in 2016 both in the Helsinki region and the rest of Finland. However, according to the sample-based Labour Force Survey of Statistics Finland, the unemployment rate did not decline in the Helsinki region until last year.

Unemployment rate (%), Labour Force Survey

However, according to the sample-based Labour Force Survey of Statistics Finland, the unemployment rate remained almost the same in the Helsinki region. In January–March, the unemployment rate in the Helsinki region and in Helsinki was 7.9 per cent, and nationally 8.8 per cent of the entire labour force. The interview-based labour force study may reflect the transfer of people previously categorised as inactive citizens to the category of unemployed as they have actively started to look for jobs. Sample-based numbers also include random variation.

The unemployment rate began to rise in 2008 but, according to the client register data of the Ministry of Economic Affairs and Employment, the unemployment rate took a downward turn in 2016.