Nordea's survey indicates that more young adults in Finland than before are
totally jobless or without a place to study. The proportion of young Finns who
work or study has remained virtually unchanged since 2007, while the share of
18 - 29-year-olds without a job or place to study has nearly doubled in three
years.
- Four out of ten respondents now participate in working life. The percentage of
those working full-time fell from 38 to 32. Over half of the oldest respondents,
ie aged from 26 to 29, have full-time jobs, however. One respondent in twenty
works part-time and one in a hundred is an entrepreneur. Despite the economic
recession, the number of young adults on parental leave does not seem to have
increased, says Anu Numminen, Nordea's Private Economist.
Half of young Finns study, which is unchanged since 2007. One in three of the
student respondents aged from 22 to 25 also has a sideline job.
- The incidence of full-time study with no sideline job appears somewhat higher,
however, compared to the survey of three years ago. It is mostly 18 - 21-year-
olds who study without working, says Numminen.
The employment situation of both those working full-time and students is the
best in the Greater Helsinki Area and the weakest in northern Finland.
One in ten young Finns with no job or place to study
Almost one in ten of the respondents neither worked nor studied, about twice as
many as in 2007. Five per cent of the respondents were unemployed. Unemployment
seems to affect the youngest men in particular. Although the gender difference
is not great, men encounter unemployment more often than women in all age
groups.
A new phenomenon compared to the previous survey is that those who take "a year
off" or travel or those who chose the option "other" in the survey. This group
accounted for 4 per cent of the respondents who belonged mainly to the youngest
age group of 18 - 21-year olds. Geographically, the most marginalised young
adults live in Northern Finland.
- A tenth of our young adults now face the threat of remaining outside the
society. Youth unemployment is a serious problem that must be tackled
efficiently. Vocational studies continuing after completion of basic education
needs also to be speeded up, so that the young can enter the job market faster
and start building their lives independently, says Anu Numminen.
Synovate carried out this survey in August. Young adults aged from 18 to 29 were
interviewed in Finland, Sweden, Norway and Denmark; in Finland the number of
interviews was 1,000.
For further information:
Anu Numminen, Private Economist, +358 9Â 165 88218
Anni Kuusisto, Group Identity & Communications, +358 9Â 165 42653
[HUG#1456600]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nordea (Finland) via Thomson Reuters ONE
