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HomeBusinessFinland's Employment Rate Stagnates in March

Finland’s Employment Rate Stagnates in March

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Finland’s employment rate trend stood at 74.1 percent during the month of March, according to the latest Labour force survey published by Statistics Finland on Wednesday.

The March 2023 figure represents an increase compared to the same month last year, with the number-crunching agency noting that 37,000 more people aged between 15-74 compared were in employment last month compared to March 2022.

Employment rate trends tend to be compared on a year-on-year basis, as opposed to consecutive months, due to seasonal variations.

The rate had been 76.6 percent in January.

The March survey also found that Finland’s unemployment rate was 6.6 percent in February, with about 254,000 people registered as unemployed jobseekers. Some 85,000 people were considered to be long-term unemployed, according to the Ministry of Economic Affairs and Employment.

The ministry added that there were 203,400 unfilled vacancies by the end of March, a drop of almost 56,000 compared to the same month last year.

The data provided by the Ministry of Economic Affairs and Employment’s Employment Service Statistics and the Labour Force Survey of Statistics Finland differ slightly due to different methods of sampling.

Finland’s median wage climbs to nearly €4,000 in 2022

Statistics Finland also reported on Wednesday that the median salary earned by employees in the central government sector amounted to 3,973 euros per month in 2022.

The monthly salary of employees working regular hours averaged at 4,241 euros per month.

Men’s median earnings for regular hours were higher, 4,235 euros, compared to those of women, 3,632 euros per month, according to Statistics Finland.

Source: YLE

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