A6: Multimedia presentation about the labour market

1. Study of the labour market, and the
unemployment rate evolution in
Finland

2. ● According to preliminary data of Statistics Finlands Employment Statistics
for 2014, the number of employed persons was slightly under 2.3 million.
● Employed Persons average has been 2,28 million from 1959 until 2015,
reaching an all time high of 2,68 million in June of 1989 and a record low
of 1,9 million in January of 1994.
(Inhabitants in Finland: 5 471 753)
Employed People in Finland

3. Unemployment in Finland
● 8.7 % of Finland’s population is
officially unemployed, and that is
around 234 000 people
● the percentage is actually bigger,
because we have over 140 000 ‘’
hidden’’ unemployed persons that are
not registered as unemployed

4. Unemployment in Finland

5. ● structural unemployment (when country is changing from industrial to services)
● frictional unemployment (the time between changing jobs)
● cyclical unemployment (less jobs during recession and more jobs during upturn)
● seasonal unemployment (ski resorts, Snow castle in Kemi)
There are different causes of unemployment:

6. Seasonal unemployment
● there are different job opportunities in summer and in winter
○ ski resorts
○ For example: snow castle in Kemi
○ part-time summer jobs
● At spring graduate’s cause big spikes on charts every summer (some
students don’t get job)

7. Cyclical unemployment
● The economic has it’s regular ups and downs
● At the downturn the demand of work decreases
● That causes unemployment

8. Frictional unemployment
● Frictional unemployment is the time period between jobs when a worker is
searching for, or transitioning from one job to another. It is sometimes
called search unemployment and can be based on the circumstances of
the unemployed individual.

10. Activity rate in Finland
● In January 2015 Finland labor force participation rate was 64,1%.
● Activity rate increased in April 2015 to 68,4% and in October 2015 it
decreased to 63,7%.
● The activity rate in Finland was lowest in 1997 when it was 62,0% and
highest in 1990 when it was 73,8%.

12. Unemployment subsidy
If you become unemployed or finish school and do not have a job, register with the employment office as an
unemployed job seeker as soon as possible. Once registered, you are eligible for
● Unemployment Allowance (basic or earnings-related allowance) or
● Labour Market Subsidy.

13. Youth Unemployment
Unemployment rate at 10%, every fifth young person without work
Statistics Finland reports that the unemployment rate in Finland reached
ten percent in June 2015, up from 9.2 percent one year earlier. Youth
unemployment is over 22 percent already, with no signs of improvement
in sight because there are no jobs or internships to be had.
Source: http://yle.fi/uutiset/unemployment_rate_at_10_every_fifth_young_person_without_work/8171703

14. Young people’s own experiences about
youth unemployment
Sara Sandström, 21, political science student
"I applied for job whole summer. The only job, what was offered to me, was
berries undeclared sales. I refuse to undeclared work."
Noora Matilainen, 23
Matilainen kept two gap year after high school. First she didn’t found work,
even she already had experience of two summer from the funpark Linnanmäki.
"At least I went to the McDonalds’s, althought I didn’t want."

15. Reiska Halonen, 25
“I have had send over 140 job application over the year and reached for an
interview only four times.”