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Published: 21 June 2005

Employment grew and unemployment fell in May 2005

According to the Labour Force Survey of Statistics Finland, the number of employed persons was in May 2,416,000, i.e. 39,000 higher than one year previously. The employment rate stood at 68.5 per cent, while it was 67.7 per cent in May 2004. In the January to May period of 2005 the average number of employed persons was 2,353,000, which is 38,000 higher than in the corresponding period of the year before.

There were 274,000 unemployed in May, which is 39,000 fewer than in the previous year. The rate of unemployment was 10.2 per cent, while it was 11,6 per cent one year before.

Changes in the labour force 5/2004 - 5/2005, thousand persons

	May 2005	May 2004	Change, % 5/04 - 5/05
Employed total	2 416	2 377	1,6
Employment rate, %	68,5	67,7	0,8 2
Unemployed 1	274	313	-12,6
Unemployment rate, %	10,2	11,6	-1,4 2
Labour force, total	2 690	2 691	-0,0
Labour force participation rate, %	68,2	68,4	-0,2 2
Economically inactive, total	1 256	1 241	1,2
Unrounded figures are used in the CHANGE column 1 Based on the recommendations of the International Labour Organisation (ILO)			2 percentage points

Release

Source: Labour force survey 2004, may. Statistics Finland

Inquiries: Pekka Tossavainen (09) 1734 3517, Kalle Sinivuori (09) 1734 3524, tyovoimatutkimus@tilastokeskus.fi

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Last updated 21.6.2005