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A6 finland

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A6: Multimedia presentation about the labour market

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A6 finland

  1. 1. Study of the labour market, and the unemployment rate evolution in Finland
  2. 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. 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. 4. Unemployment in Finland
  5. 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. 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. 7. Cyclical unemployment ● The economic has it’s regular ups and downs ● At the downturn the demand of work decreases ● That causes unemployment
  8. 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.
  9. 9. 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%.
  10. 10. 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.
  11. 11. 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
  12. 12. 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."
  13. 13. Reiska Halonen, 25 “I have had send over 140 job application over the year and reached for an interview only four times.”

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