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Unemployment Rate

The Unemployment Rate released by the Statistics Finland is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Finnish economy. If the rate is up, it indicates a lack of expansion within the Finnish labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

Most recent - Tuesday 21 November 2023 06:00

Previous
7.3%
Revised
-
Actual
7.5%

Next event - Tuesday 19 December 2023 06:00

Previous
7.5%
Actual
-

The typical/expected market impact of this event is low.

Trading range

Announcement history

The most recent announced value for Unemployment Rate was 7.5%.

Past events

Date
Actual
Tuesday 21 November 2023 06:00
7.5%
Tuesday 24 October 2023 05:00
7.3%
Tuesday 26 September 2023 05:00
7.2%
Tuesday 22 August 2023 05:00
7.2%
Tuesday 25 July 2023 05:00
7.1%
Tuesday 20 June 2023 05:00
6.9%
Wednesday 24 May 2023 05:00
6.7%
Wednesday 26 April 2023 05:00
6.6%
Tuesday 21 March 2023 06:00
6.8%
Tuesday 21 February 2023 06:00
7%
Friday 27 January 2023 06:00
6.9%
Tuesday 20 December 2022 06:00
6.7%
Tuesday 22 November 2022 06:00
6.9%
Tuesday 25 October 2022 05:00
7.2%
Tuesday 20 September 2022 05:00
7.1%
Tuesday 23 August 2022 05:00
6.8%
Tuesday 26 July 2022 05:00
6.4%
Tuesday 21 June 2022 05:00
6.1%
Tuesday 24 May 2022 05:00
6.2%
Monday 2 May 2022 05:00
6.6%
Tuesday 22 March 2022 06:00
6.8%
Tuesday 22 February 2022 06:00
7%
Tuesday 25 January 2022 06:00
7%
Tuesday 21 December 2021 06:00
6.9%
Tuesday 23 November 2021 06:00
7.1%
Tuesday 26 October 2021 05:00
7.6%
Tuesday 21 September 2021 05:00
7.6%
Tuesday 24 August 2021 05:00
7.9%
Tuesday 27 July 2021 05:00
7.9%
Tuesday 22 June 2021 05:00
7.6%
Tuesday 25 May 2021 05:00
7.6%
Tuesday 4 May 2021 05:00
7.7%
Tuesday 4 May 2021 04:00
7.9%
Tuesday 4 May 2021 03:00
8%
Thursday 28 January 2021 06:00
8.2%
Tuesday 22 December 2020 06:00
8.1%

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
Consumer Price Index (EU Norm) (YoY)Bearish change1.8%0.7%
Consumer Price Index (YoY)Bearish change1.7%0.8%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change4.2%3.6%
Harmonized Index of Consumer Prices (MoM)Bearish change0.1%-0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Unemployment Rate(no change)6.5%6.5%
Unemployment ChangeBullish change30K22K
Unemployment Rate s.a.Bearish change5.8%5.9%
Consumer Price Index (EU norm) (YoY)Bearish change4.5%3.8%
Retail Sales (MoM)Bullish change-0.8%1.1%
Retail Sales (YoY)Bullish change-4.3%-0.1%
Consumer Price Index (MoM)Bearish change0%-0.4%
Consumer Price Index (YoY)Bearish change3.8%3.2%
Harmonized Index of Consumer Prices (MoM)Bearish change-0.2%-0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change3%2.3%
Business ClimateBearish change-0.33-0.39
Consumer Confidence(no change)-16.9-16.9
Economic Sentiment IndicatorBullish change93.593.8
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%3.2%
Gfk Consumer Confidence SurveyBullish change-28.1-27.8
IFO – Business ClimateBullish change86.987.3
IFO – Current AssessmentBullish change89.289.4
IFO – ExpectationsBullish change84.885.2
Gross Domestic Product (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product (YoY)Bearish change-0.3%-0.4%
Gross Domestic Product w.d.a (YoY)(no change)-0.8%-0.8%
HCOB Composite PMIBullish change46.547.1
HCOB Manufacturing PMIBullish change43.143.8
HCOB Services PMIBullish change47.848.2
HCOB Composite PMIBullish change45.947.1
HCOB Manufacturing PMIBullish change40.842.3
HCOB Services PMIBullish change48.248.7
HCOB Composite PMIBearish change44.644.5
HCOB Manufacturing PMIBearish change42.842.6
HCOB Services PMIBullish change45.245.3
Consumer ConfidenceBullish change-17.8-16.9
Producer Price Index (MoM)Bullish change-0.2%-0.1%
Producer Price Index (YoY)Bullish change-14.7%-11%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)4.2%4.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.1%0.1%

About Unemployment Rate

Country:Finland
Currency:EUR
Source:Statistics Finland
Category:Labor Market
Frequency:Monthly

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