Number of unemployed jobseekers increases in Oct

24 Nov 2020, 11:35

  DF Report

DF File Photo.

A total of 312,700 unemployed jobseekers were registered at the Employment and Economic Development Offices at the end of October and the number is 88,000 higher compared to the number in October last year, said a press release of Ministry of Economic Affairs and Employment on Tuesday.

The number of unemployed jobseekers, however, was down by 3,100 from the previous month. The number of unemployed jobseekers also includes those fully laid off.

At the end of October, the number of people laid off was 74,900 in the whole country, which was 58,300 more than at the same time the year before.

The number of people fully laid off totalled 57,200, representing an increase of 46,300 from October the year before. The number of people fully laid off increased by 400 from September.

The number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 82,000, up 20,700 on the previous year.

The number of new vacancies reported to Employment and Economic Development Offices during October totalled 53,000, or 12,100 fewer than in October the previous year.

In all, the number of unfilled vacancies at Employment and Economic Development Offices in October amounted to 100,600, showing a decrease of 20,400 from the previous year.

At the end of October, the number of persons covered by services included in the activation rate amounted to 118,500, down 5,500 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.

According to the Labour Force Survey issued by Statistics Finland, in October the number of people in employment was 26,000 less than on the previous year. The employment rate was 71.5%, which was 0.5 percentage points lower than in October the year before.

According to the Survey, the unemployment total was 203,000, which is 34,000 more than a year ago. The unemployment rate was 7.4%, or 1.2 percentage points higher than the previous year.