Finland’s unemployment rate increased to 12.7% in May 2026 from 10.5% in the same month a year earlier, marking its highest level since May 1998. The number of unemployed climbed by 68,000 year-on-year to 376,000, comprising 203,000 men and 173,000 women. By gender, male unemployment climbed to 13.1%, 2.3 percentage points higher than a year earlier, while the female rate increased to 12.2%, up 2.0 percentage points. Among younger workers aged 15–24, the jobless rate also rose to 37.8%, an increase of 9.7 percentage points year-on-year. Meanwhile, employment decreased by 32,000 to 2.594 million, even as the labour force participation rate picked up to 71.3% from 70.4% a year earlier. Meanwhile, the employment rate for those aged 20–64 declined, falling to 76.5% from 77.0%.

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