Employment rate rises in private sector

05 Feb '08

3 min read

According to the Labour Force Survey of Statistics Finland, the number of employed persons in December was 2,490,000, or 32,000 higher than a year earlier. Employment increased in the private sector. The number of wage and salary earners went up and that of self-employed persons remained nearly unchanged. The number of employed persons went up in the Provinces of Southern Finland and Western Finland and fell in the Provinces of Eastern Finland and Lapland.

In December, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 69.5 per cent, which was 0.3 percentage points higher than one year before. The employment rate of men was 70.2 per cent and that of women 68.7 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 70.2 per cent.

According to the Labour Force Survey, there were 158,000 unemployed in December 2007, i.e. 10,000 fewer than one year before. At 6.0 per cent, the unemployment rate was 0.4 percentage points lower than one year before. The trend of the unemployment rate was 6.7 per cent in December.

The rate of unemployment was lowest in the Province of Southern Finland, where it stood at 4.5 per cent, and highest in the Province of Lapland, at 13.5 per cent. In December 2007, the unemployment rate among young people aged 15 to 24 was 11.3 per cent, which was 0.2 percentage points lower than in the previous year's December. The trend of the unemployment rate among young people was 16.4 per cent.

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