4.3 per cent unemployment
Labour market and earnings;Labour market and earnings
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The Labour Force Survey’s seasonally-adjusted monthly figures show the short-term development in employment and unemployment. The unemployment rate was 4.3 per cent in July 2015.

Labour force survey, seasonally-adjusted figuresJuly 2015



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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.

Employment and unemployment for persons aged 15-74. Seasonally-adjusted series1
July 2015Change from the previous non-overlapping three-month period
1Three-month average named by the middle month.
Unemployed persons120 0003 000
In per cent of the labour force4.30.1
Employed persons2 654 0008 000
In per cent of the population68.10.0

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.