Thursday May 06, 2021
Unemployment rate increases to 8.3% in Q1
Published : 04 May 2021, 14:15
Updated : 05 May 2021, 10:07
The average number of unemployed persons in the first quarter of 2021 was 224,000, which was 34,000 more than in January to March 2020, according to the Statistics Finland.
The unemployment rate in the first quarter of 2021 was 8.3 per cent, which was 1.2 percentage points higher than a year earlier.
In the first quarter of 2021, the number of persons in the inactive population was 1,426,000, which was 24,000 fewer year on year.
The number of employed persons was 2,496,000 (margin of ± 30,000) in March 2021, which was 22,000 more than a year earlier.
The number of employed men was 21,000 higher and that of employed women was unchanged from March 2020.
In March, the employment rate , that is the proportion of the employed among persons aged 15 to 64, stood at 70.7 per cent, having been 70.2 per cent one year earlier.
From last year’s March, the employment rate of men aged 15 to 64 rose by 0.8 percentage points to 71.3 per cent and that of women by 0.2 percentage points to 70.0 per cent.
There were 219,000 unemployed in March 2021, which was 24,000 more than one year earlier (margin of error ±22,000). The number of unemployed men was 118,000 and that of women 101,000.
In March, the unemployment rate , the proportion of the employed among the labour force stood at 8.1 per cent, having been 7.3 per cent one year earlier. From last year’s March, men’s unemployment rate rose by 0.6 percentage points to 8.3 per cent and women’s by 1.0 percentage points to 7.8 per cent.
Employment and unemployment, however, vary quite considerably by month and the change from the observation of the previous month mainly describes the seasonal aspect rather than the trend in development.
In the first quarter (January to March) of 2021, the average number of employed persons was 2,476,000, or 15,000 fewer than in the corresponding quarter of 2020. The number of employed persons decreased most in transportation and storage (H) and increased most in wholesale and retail trade.