The employment rate reached 74% in February | News

There were 89,000 more people employed last month compared to February 2021.

The number of vacancies in February was at a record high, according to the Ministry of Economy and Employment. Image: Jyrki Lyytikkä / Yle

Finland’s employment rate reached 74% during the month of February, according to the latest labor force survey published by Statistics Finland.

The report found that 89,000 more people were employed last month compared to February 2021, as Finland’s economy continues to recover from the effects of the Covid pandemic.

“There were 43,000 more male employees and 46,000 more female employees than in February 2021,” the report said.

In its government program announced after the last legislative elections in 2019, the current administration set itself the target of increasing the employment rate to 75% during its term of office.

The Statistics Finland survey also found that the unemployment rate trend for February was 6.8%, compared to 8.3% for the same month in 2021.

The agency compares employment and unemployment rates to the corresponding month of the previous year to take into account seasonal and random variations.

The number of unemployed in Finland in February thus amounted to 185,000 people, ie 40,000 less than a year earlier.

According to the Ministry of Economic Affairs and Employment, the number of vacancies hit a record high in February, with the ministry adding that labor shortages in Finland are expected to continue despite the war in Ukraine.