Last updated 22/06/2020 - 16:21
Unemployment rate took an exceptional upturn
According to the client register of the Ministry of Economic Affairs and Employment, the percentage of the unemployed in the labour force in the Helsinki region was 11.1 per cent at the end of March. The unemployment rate was 3 percentage points higher than the previous year. In all of Finland, the percentage of the unemployed in the labour force rose to 11.8 per cent. The exceptionally strong increase in the unemployment rate is due to the exceptional circumstances and limitations resulting from the COVID-19 epidemic.
Unemployment numbers and lay-offs took a steep upturn at the end of March throughout the country. In the Helsinki region, there were a total of 85,562 unemployed jobseekers in March, 21 per cent of whom had been temporarily laid off full-time. The number of unemployed jobseekers increased by 38 per cent compared to the previous year.
According to the Ministry of Economic Affairs and Employment, the unemployment rates in Helsinki, Espoo, Vantaa and the KUUMA municipalities were 12.1 per cent, 10.1 per cent, 12 per cent and 9.2 per cent at the end of March, respectively. The monthly rate of unemployment is based on the register compiled by Employment and Economic Development Offices, and the total number of employees in the labour force is based on the latest information in the register-based employment statistics of Statistics Finland (since the end of 2017).
Since March, the employment situation has continued its decline. According to the Ministry of Economic Affairs and Employment, the unemployment rate at the end of April was 18.0 per cent in Helsinki, 15.4 per cent in Espoo, 18.6 per cent in Vantaa and 13.9 per cent in the KUUMA municipalities. In the entire Helsinki region, the unemployment rate was 16.7 per cent. Among all the unemployed jobseekers, 42 per cent had been temporarily laid off full-time.
According to the register data of the Ministry of Economic Affairs and Employment, the unemployment rate decreased from 2016 to the turn of the year, whereupon the decrease stopped before the COVID-19 crisis.
Unemployment rate (%), Labour Force Survey
According to the sample-based Labour Force Survey of Statistics Finland, the unemployment rate declined by 0.5 percentage points in the Helsinki region in the first quarter of 2020. In January–March, the unemployment rate in the Helsinki region was 6.1 per cent and nationally 7.1 per cent.