Unemployment in Finland
Finland - UnemploymentThe economy is expected to have emerged from recession in Q3 after contracting in Q2 due to the fallout from the pandemic; however, data points to a fragile recovery. Economic activity swung to expansion in July–August from Q2’s overall contraction, although growth lost steam relative to its peak in June. Meanwhile, the unemployment rate rose to a near three-year high in September and consumer confidence decreased in the same month to its lowest value since May, likely capping private spending. On the external front, merchandise exports continued to fall in July–August, albeit at a softer pace compared to Q2. On the political front, on 15 October the government presented the 2021 draft budget, projecting public debt to rise but the fiscal deficit to narrow compared to 2020. The budget will focus on improving employment conditions, particularly for young people and over-55s, and environmental issues.
Finland - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Finland Unemployment Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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May 28, 2021
GDP swung back to contraction in the first quarter of 2021, dropping 0.1% in seasonally-adjusted quarter-on-quarter terms, notably below the previous estimate of a 0.4% expansion (Q4 2020: +0.4% s.a.
May 18, 2021
Economic activity swung back to expansion in March, with output growing 1.1% year-on-year in working-day adjusted terms (February: -0.7% yoy).
May 14, 2021
Consumer prices increased 0.37% in April over the previous month, accelerating from March’s 0.24% rise.
May 12, 2021
The current account recorded a EUR 0.7 billion deficit in March, markedly below the EUR 1.1 billion deficit logged in the same month last year and swinging from the EUR 0.2 billion surplus posted in February.
April 15, 2021
Economic activity shrank 0.6% year-on-year in working-day adjusted terms in February, softening notably from January’s 1.4% contraction. February’s improvement was chiefly due to the services sector falling at a more moderate rate, while secondary production growth accelerating from the previous month.