3.1 General context
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Labour market situation in the country
According to the Labour Force Survey of the Statistics Finland’s the unemployment rate of young people (15 to 24-year-olds), was 20.8 per cent in the first quarter of 2024. Based on the Employment Bulletin March 2024 of the Ministry of Economic Affairs and Employment, unemployed jobseekers under the age of 25 numbered around 31 600, representing a growth of by 5 200 from March a year prior.
Traditionally, the tripartite system in the labour market has been strong in Finland. As mentioned on the webpages of the Ministry of Economic Affairs and Employment the Labour legislation is drafted in collaboration with the state and the organisations that represent the interests of employers and employees. For example, the working conditions of employees are determined on the basis of legislation and collective agreements that exist for various sectors. (More information about the tripartite, see for example the webpage of the Central Organisation of Finnish Trade Unions What does ‘tripartite’ mean?; see also Youth Wiki Finland 3.11 Current debates and reforms related to political strikes in Spring 2024)
Definitions and concepts
The definitions and concepts relating employment and entreneurship used in Finland are the same as the ones used in broader European discussion. Therefore, there are no significant country-specific definitions and concepts.