Unemployment rate

Last updated 24/03/2021 - 15:58

Unemployment took a new turn for the worse late in the year

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 13.6 per cent at the end of December. This is 5.1 percentage points higher than a year ago. In all of Finland, the percentage of the unemployed in the labour force was similar to that of the Helsinki region.

Unemployment took a new turn for the worse late in the year, after a slightly more hopeful period in the autumn.

The impact of the COVID-19 crisis on the labour market was its most drastic in spring 2020, when the restriction imposed in April–May closed down a considerable number of services.  Consumption and demand for services increased during the summer holiday season and some employees who had been temporarily laid off returned to work in the third quarter of the year. Nonetheless, 2020 ended with an increase in the number of people unemployed and laid off. The figures are further increased by fixed-term employment contracts running out and some layoffs ending in unemployment.

At the end of December, there was a total of 106,552 unemployed job seekers in the Helsinki region, of which 23 per cent or 24,440 had been laid off full-time. The number of unemployed jobseekers increased by 63 per cent compared to the previous year. The number of people laid off full-time increased by 1,850 people since the end of September.

According to the Ministry of Economic Affairs and Employment, the unemployment rate was 14.6 per cent in Helsinki, 12.2 per cent in Espoo, 15.3 per cent in Vantaa and 11.5 per cent in the KUUMA municipalities at the end of December. 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 2018).

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 2019/2020, whereupon the decrease ended before the COVID-19 crisis.

Unemployment rate (%), Labour Force Survey

According to Statistics Finland’s sample-based Labour Force Survey, the unemployment rate in the Helsinki Region rose by 1.1 percentage points during the fourth quarter of 2020. In October-December, the unemployment rate was 7.0 per cent in the Helsinki Region and7.4 per cent in Finland as a whole. 

The unemployment rate in 2020 was, on average, 7.3 per cent in the Helsinki Region and 7.8 per cent in Finland as a whole. In 2019, the corresponding figures were 6.6 and 6.7 per cent