Finland’s employment rate nears 74% in July | New

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Some 50,000 more people were employed last month compared to July last year.

Archive photo of a concrete plant in Siilinjärvi in ​​June. Image: Antti-Petteri Karhunen / Yle

The employment rate trend in Finland reached 73.7% during the month of July, according to the latest monthly labor force survey produced by Statistics Finland.

This means around 50,000 more people were employed last month compared to July last year.

The calculation agency’s report also revealed that the unemployment rate trend in Finland fell to 6.8% in July, with 12,000 fewer unemployed people compared to 12 months ago, when the rate was 7.1%.

In total, some 2.7 million people were employed in Finland during the month of July, 34,000 men and 16,000 women more than last year, while 190,000 people were unemployed.

Statistics Finland compares trends in employment and unemployment rates to the previous year, rather than to the previous month.

“Employment and unemployment vary greatly by month and the change from the observation of the previous month mainly describes the seasonal aspect rather than the trend of the development. Thus, the latest statistical data is compared with the period corresponding to the previous year,” the agency’s report said.

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