Employment and unemployment in February 2002

- 43,000 more employed than a year ago
- Employment rate 66.6 per cent
- Rate of unemployment 9.4 per cent, 242,000 unemployed
- 35,000 new vacancies at labour exchange offices

According to the Labour Force Survey of Statistics Finland, there were 43,000 more employed in February than a year earlier. The number of wage-earners rose, while that of self-employed persons fell compared to the year before. The number of wage-earners engaged in continuous full-time work went up by 46,000. The number of part-time jobs grew by 28,000 from one year ago. During February, 35,000 new vacancies were reported to the labour exchange offices, which is 4,000 more than in February 2001.

In February, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 66.6 per cent, which is exactly one percentage point higher than one year ago. The employment rate for women rose by 2.2 percentage points to 65.7 per cent. The employment rate for men fell slightly, to 67.5 per cent. Adjusted for seasonal variation, the employment rate was 68.1 per cent in February. Compared to last year's February, employment grew in health care, and hotels and restaurants. Employment declined in agriculture, business services and transport. Jobs increased in the Provinces of Southern and Western Finland and decreased in the Province of Lapland.

Changes in the labour force 02/2001 - 02/2002, thousand

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	February 2002	February 2001	CHANGE, % 02/01 - 02/02
Statistics Finland's Labour Force Survey:
Employed, total	2 336	2 293	1.9
- wage-earners	2 040	1 984	2.8
Employment rate, %	66.6	65.6	1.0 ²
Unemployed¹	242	248	-2.3
Labour force, total	2 578	2 541	1.4
Unemployment rate, %	9.4	9.8	-0.4 ²
Economically inactive, total	1 336	1 363	-2.0
- discouraged job seekers	32	37	-14.9
- other disguised unemployment	56	56	0.5
Ministry of Labour's Labour Exchange Statistics:
Unemployed job seekers	312	315	-0.9
- unemployed over a year	79	86	-7.7
Employed with subsidised measures	36	40	-11.2
In labour market training	26	29	-11.8
In trainee and job alternation places	15	16	-8.9
New vacancies in labour exchange offices	35	30	14.3
Unrounded figures are used in the CHANGE column ¹ Based on the recommendations of the International Labour Organisation (ILO)			² percentage points

According to the Labour Force Survey, there were 242,000 unemployed in February, i.e. 6,000 fewer than the year before. The change is within the margin of error (± 15 000). The rate of unemployment was 9.4 per cent, while it was 9.8 per cent one year previously. Adjusted for seasonal variation, the unemployment rate was 9.0 per cent, whereas it was 9.1 in January.

The unemployment rate for women fell and it was lower than that for men in February. The unemployment rate for women was 9.1 per cent against 10.4 per cent one year ago. The unemployment rate for men rose by 0.5 percentage points to 9.6 per cent. The unemployment rate among young people aged 15 to 24 was 20.8 per cent, while it was 20.7 per cent in February 2001. Adjusted for seasonal variation, the unemployment rate for young people was 20.7 per cent. The rate of unemployment was lowest in the Province of Southern Finland, i.e. 7.5 per cent, and highest in the Province of Lapland, at 16.7 per cent.

At the end of February, there were 312,000 persons registered, in accordance with the Unemployment Security Act and the Labour Exchange Office Regulations, as job seekers at the labour exchange offices. This is about 3,000 fewer than in February 2001. Unemployment declined in the areas of ten but rose in the areas of five employment and economic development centres. The number of those covered by employment policy measures fell by 9,000 from the year before and was 3.1 per cent of the labour force. There were 37,000 unemployed job seekers aged under 25 registered at the labour exchange offices. Their number was 1,000 higher than in last year's February.

Differences between the Labour Force Survey and the Labour Exchange Statistics

The employment situation is monitored monthly both with the sample-based Labour Force Survey of Statistics Finland and with the register-based Labour Exchange Statistics of the Ministry of Labour. The Labour Exchange Statistics describe the situation on the last weekday of the month. The data for the Labour Force Survey are collected for every week of the month.

The Labour Force Survey follows the recommendations of the International Labour Organisation (ILO) and the practices required by Eurostat, the Statistical Office of the European Communities. According to them, a person is classified as unemployed if he or she is aged 15 or over, does not have a job, has actively sought employment in the past four weeks and would be available for work within two weeks. The Labour Exchange Statistics are based on legislation and administrative regulations.

The Labour Force Survey and the Labour Exchange Statistics apply two basically different statistical criteria to how actively a person seeks work and makes him/herself available on the labour market. Those unemployed persons who have neither contacted a labour exchange office for over four weeks, nor actively sought work in any other way either, are generally classified in the Labour Force Survey as belonging to disguised unemployment. Full-time students can be recorded as unemployed in the Labour Force Survey if they meet the ILO recommendations, whereas in the Labour Exchange Statistics they are not accepted as being unemployed during term time. Due to statistical differences, the number of unemployed job seekers does not agree with the number of unemployed calculated in accordance with the ILO recommendations. The difference between the February unemployment figures of Statistics Finland and the Ministry of Labour was approximately the same as a year earlier.

Since the Labour Force Survey is a sample survey, its data allow for random variation. In respect of the unemployment rate, for example, the 95 per cent confidence interval or the margin of error is about ± 0.5 percentage points. The confidence interval for the number of unemployed is approximately ± 15,000 persons.

Inquiries:
Statistics Finland: Mr Pekka Tossavainen +358 9 1734 3517, Mr Hannu Siitonen +358 9 1734 3225, Mr Kalle Sinivuori +358 9 1734 3524, Mr Tapio Oksanen +358 9 1734 3228;
e-mail tyovoima.tilastokeskus@stat.fi, Internet http://www.stat.fi/tk/el/tyoll.html
Ministry of Labour: Mr Oiva Lönnberg +358 9 1856 8048, e-mail oiva.lonnberg@mol.fi; Internet http://www.mol.fi/katsaukset/
Latest seasonally adjusted unemployment figures published by the EU at: http://europa.eu.int/en/comm/eurostat/