4.3 per cent unemployment
Adjusted for seasonal adjustments, there were 120 000 unemployed persons in July. This corresponds to 4.3 per cent of the labour force.
|July 2015||Change from the previous non-overlapping three-month period|
|1Three-month average named by the middle month.|
|Unemployed persons||120 000||3 000|
|In per cent of the labour force||4.3||0.1|
|Employed persons||2 654 000||8 000|
|In per cent of the population||68.1||0.0|
Seasonally-adjusted figures from the Labour Force Survey (LFS) show that unemployment increased by 3 000 persons from April (average of March-May) to July (average of June-August). The increase is within the error margin of the LFS. In comparison, the number of people registered as unemployed or on government initiatives to promote employment with the Labour and Welfare Administration (NAV) increased by 5 000 from April to July. This figure is also based on seasonally-adjusted figures and three-month averages.
Since the last release, the unemployment rate for June (average of May–July) has been adjusted from 4.5 to 4.4 per cent. These kinds of adjustments are normal since the whole time series is seasonally adjusted every month.
Small changes in employment
The LFS shows that the seasonally-adjusted number of employed persons increased by 8 000 from April to July – a change which is within the error margin of the LFS. In July, the employment rate was 68.1 per cent, unchanged from April.
While the increase in the number of employed persons from April to July is within the LFS error margin, the increase is in line with a slightly rising trend since the beginning of 2013. The number of employed persons has increased by 63 000 from January 2013 to July 2015. This increase exclusively occurred among those over 24 years.