Wednesday December 08, 2021

Employment rate goes up in October

Published : 23 Nov 2021, 11:28

Updated : 23 Nov 2021, 11:30

  DF Report

DF File Photo.

The number of employed people was 65,000 higher and the number of unemployed persons was 37,000 fewer in October this year than a year ago, according to Statistics Finland.

In October, the trend of the employment rate was 72.7 per cent and the trend of the unemployment rate was 7.1 per cent.

In October 2021, the number of employed persons was 2,570,000 (margin of error ±32,000).

There were 43,000 more employed men and 22,000 more employed women than in October 2020.

In October, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 72.3 per cent, having been 70.9 per cent one year earlier.

From the previous year’s October, the employment rate of men aged 15 to 64 rose by 1.8 percentage points to 73.5 per cent and that of women went up by 0.9 percentage points to 71.0 per cent.

According to Statistics Finland's Labour Force Survey, there were 164,000 unemployed (margin of error ±21,000) in October 2021. The number of unemployed men was 96,000 and that of women 68,000.

In October, the unemployment rate , the proportion of the employed among the labour force stood at 6.0 per cent, having been 7.4 per cent one year earlier.

From last year’s October, men’s unemployment rate fell by 1.1 percentage points to 6.6 per cent and women’s by 1.8 percentage points to 5.3 per cent.