Unemployment at 4.9 per cent
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 4.9 per cent in August 2016.

Labour force survey, seasonally-adjusted figuresAugust 2016



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Unemployment at 4.9 per cent

Adjusted for seasonal variations, there were 137 000 unemployed persons in August 2016. This corresponds to 4.9 per cent of the labour force.

Employment and unemployment for persons aged 15-74. Seasonally-adjusted series1
August 2016Change from the previous non-overlapping three-month period
1Three-month average named by the middle month.
Unemployed persons137 0005 000
In per cent of the labour force4.90.2
Employed persons2 653 00012 000
In per cent of the population67.40.1

The Labour Force Survey (LFS) showed a gradual increase in unemployment from May (average of April-June) 2014 to August (average of July-September) 2015. From August 2015 until May 2016 the unemployment rate has been fairly stable at about 4.6-4.7 per cent.

From May to August, the LFS shows that the seasonally-adjusted number of unemployed persons increased by 5 000. This corresponds to a 0.2 percentage point increase in the unemployment rate. This change is within the LFS error margin. 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 1 000 from May to August. This figure is also based on seasonally-adjusted figures and three-month averages.

Small changes in employment

The LFS shows that the seasonally-adjusted number of employed persons increased by 12 000 from May to August, a change which is within the LFS error margin. From August 2015 to August 2016, the number of employed persons has been fairly stable. In the same period, the population aged 15–74 years has increased, and therefore the employment rate has decreased, from 68.0 per cent to 67.4 per cent in August 2016.