Long-term unemployment on a rapid decline in Finland

More and more Finns are expected to join the ranks of the employed in the near future after a period of unemployment of at least a year.

Finns are expected to leave the ranks of the long-term unemployed at an almost unprecedented rate during the course of this year - writes helsinkitimes.

Read also: Mass unemployment because of globalisation – then who pays for universal basic income?

The Ministry of Employment and the Economy reports that long-term unemployment is currently declining rapidly and that its forecasts, which thus far have proven accurate, indicate that the decline will continue to intensify by the end of the year.

“The key positive message is that the number of new long-term unemployed will be lower than before,” Erno Mähönen, a senior specialist at the Ministry of Employment and the Economy, summarised to Kauppalehti on Monday .

He admitted that some of the improvement may be attributable to the fact that earlier statistical errors have been corrected based on interviews conducted by employment officials with job seekers in the first half of the year.

The Ministry of Employment and the Economy has reported that 106,500 of the 291,500 unemployed job seekers in the country had been without a job for at least a year in May. The ranks of the long-term unemployed peaked at 128,000 in 2016.

Read also: Some employers are taking advantage of immigrants in Finland, says lawyer at SAK

The number of the long-term unemployed is expected to stand at an average of 101,000 in 2017 – 23,000 lower than in 2016.

Aino Silvo, an economist at the Bank of Finland, is confident thatthe decline in long-term unemployment is a sign of an economic upturn.

“It may have something to do with cleaning up the statistics, but it’s a sign of an improved economic situation. The long-term unemployed especially will surely not find employment immediately after the turn has taken place,” she states.

Youth unemployment, similarly, has decreased and is expected to continue doing so in the near future, according to the Ministry of Employment and the Economy.

Aleksi Teivainen ­- HT

Photo: Anni Reenpää – Lehtikuva

Read other news on the city site of Helsinki.

unemployment Finland
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
1 view in january
I recommend
No recommendations yet

Comments

Post your comment to communicate and discuss this article.

Society
The coach of a sports club in Hyvinkää, southern Finland has been remanded into police custody on suspicion of sexual abuse of minors he was coaching, the Itä-Uusimaa police department said on Thursday. Officials said that they are investigating the case as suspected child abuse but did not disclose the ages of the alleged victims. The suspect in the case, a 50-year-old man, was remanded into custody on Wednesday. The suspected sexual abuse is believed to...
Society
Finns increasingly forego do-it-yourself construction of prefab elements in favour of completely completed homes. Turnkey homes (where homes are fully finished and owners can immediately occupy them) have become more popular than traditional house packages, says the Finnish Association for Manufacturers of Prefabricated Houses. “About 7,500 detached homes are built in Finland every year, and about 70 percent of them are prefabricated houses of some kind,”...
Society
THE FESTIVE ATMOSPHERE in the Helsinki neighbourhood of Arabianranta was visibly subdued on Tuesday, as residents mourned the death of a local child who is believed to have been murdered. While little information has been released to the public, it is known that the victim was murdered near their home on the night of Christmas Eve (December 24). The police apprehended a suspect at the scene of the crime, who has been confirmed as a 36-year old male. Whethe...
Society
One of Finland’s most famous seafaring vessels, the titanic icebreaker Otso, was deployed on its first mission of the winter season last night, keeping sea routes open for the 22nd year in a row. Late in the evening of Christmas Day, Otso, the crowning glory of Arctia Oy’s extensive fleet, departed from Helsinki’s Katajanokka Harbour, heading north to the Bay of Bothnia. The 7000-ton Polar icebreaker has been tasked with keeping waterways open between Oulu...
Society
Eight Finnish political parties have published their a statement on future climate policy goals in Finland. Prime Minister Juha Sipilä (Centre) in November invited all nine parliamentary parties to join a task force established to find an agreement on new, more ambitious climate goals for Finland. The one-month project was led by Kimmo Tiilikainen (Centre), the Minister of the Environment, Energy and Housing. The Finns Party abandoned the task force last w...
Society
A 25-year-old man suspected of the sexual abuse of a girl under the age of 15 in Oulu, northwestern Finland, who was arrested in Germany last Tuesday is now reported to be at large. According to law enforcement officials in Oulu, the suspect was released by German police before he could be transferred to Finnish custody due to "a breakdown in communication between authorities". Oulu District Court ordered the suspect to be reprimanded into custody in absen...
Society
Finland’s high earners saw their real income grow more in 2017 than their peers in middle and low income groups, according to new data released by Statistics Finland on Tuesday. Incomes among the country’s highest income decile rose by 4.4 percent in 2017 compared to 2016, while the year-on-year increase was 1.3 percent for middle income earners. Incomes for the four lowest income deciles meanwhile grew by 1.2 percent over the one-year period. However amon...
Society
A man wanted in connection with a suspected arson attempt on a home in Helsinki’s Käpylä district was remanded into police custody on Sunday. The Helsinki district court has remanded a man suspected of attempted arson and attempted murder into police custody, ending a short-lived manhunt, police said on Sunday. The 25 year-old is suspected of using a Molotov cocktail to cause a fire at a flat in Käpylä, Helsinki last Monday. The apartment was completely de...
Society
Helsinki Central Library Oodi will opened its doors to the public on 5 December at 8am, a day before Finland’s 101st birthday. Designed by ALA Architects, this library of a new era is an ode to Finnish culture, equality and freedom of expression. Oodi offers everyone an open, public urban space at Kansalaistori Square, right opposite Parliament House. Central Library Oodi is an active and functional meeting point with 2.5 million expected annual visitors....