265,600 unemployed jobseekers in February

NordenBladet — The number of unemployed jobseekers decreased by 61,500. The number of new vacancies reported in February totalled 122,400. In all, the number of unfilled vacancies amounted to 242,400, which is 81,800 more than a year ago.At the end of February, a total of 265,600 unemployed jobseekers were registered at the Employment and Economic Development Offices and municipalities participating in the local government pilots on employment. This is 61,500 less than a year earlier, but 17,400 more than in February two years ago. The number of unemployed jobseekers was down by 8,100 from the previous month. Of the unemployed jobseekers, 140,800 were customers of municipalities participating in the local government pilots on employment. The number of unemployed jobseekers also includes those fully laid off. These figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.At the end of February, the number of people laid off was 35,300 in the whole country, which was 37,300 fewer than at the same time the year before. The number of people fully laid off totalled 26,800, representing a decrease of 28,800 from February the year before. The number of people fully laid off decreased by 2,300 from January.103,800 unemployed in the long termThe number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 103,800, up 7,700 on the previous year. The number of unemployed jobseekers aged over 50 was 103,300, or 16,700 fewer than at the same time a year earlier.The number of unemployed jobseekers aged under 25 totalled 28,200, representing a decrease of 10,700 from February last year. Of the unemployment periods of youths, 57.6 per cent ended before reaching three months between January and February. This is 5.9 percentage points less than the year before.Increase in new vacanciesThe number of new vacancies reported during February totalled 122,400, or 43,800 more than in February the previous year. In all, the number of unfilled vacancies in February amounted to 242,400, which is 81,800 more than a year ago.At the end of February, the number of persons covered by services included in the activation rate amounted to 111,400, down 3,800 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.Statistics Finland: The trend of the unemployment rate 6.8%According to the Labour Force Survey issued by Statistics Finland, in February the number of people in employment was 89,000 more than on the previous year. The trend of the employment rate was 74.0%, which was 3.3 percentage points higher than in February the year before. According to the Survey, the unemployment total was 185,000, which is 40,000 less than a year ago. The trend of the unemployment rate was 6.8%, or 1.2 percentage points lower than the previous year.Key differences between Employment Service Statistics and the Labour Force Survey This information is based on the Ministry of Economic Affairs and Employment’s Employment Service Statistics and the Labour Force Survey of Statistics Finland. The Employment Service Statistics of the Ministry are compiled on the basis of the information in the Employment and Economic Development Offices’ customer register, while the Labour Force Survey of Statistics Finland is based on sampling. In the employment service statistics of the Ministry of Economic Affairs and Employment persons that are not in employment relationship or employed in business are listed as unemployed. Persons fully laid-off but not full-time students are also categorised as unemployed in the Employment Service Statistics. The Labour Force Survey of Statistics Finland has a stricter definition of being unemployed: a person is unemployed if he or she has actively sought employment during the preceding four weeks and is available for work over the coming two weeks. The figures of the Labour Force Survey of Statistics Finland are internationally comparable and thus they are the official Finnish unemployment statistics. Further information on the differences in the statistics https://tilastokeskus.fi/til/tyti/tyti_2019-09-13_men_001_en.html