Rise in services prices in the first quarter of 2024

The Services Producer Price Index increased by 1.0 percent in the first quarter of 2024 compared to the fourth quarter of 2023. Compared to the first quarter of 2023, the Services Producer Price Index has increased by 2.7 percent (2.8 percent in the fourth quarter of 2023).

Weaker labour market for young people in the first quarter

In the first quarter of 2024, the number of employed people amounted to 5 168 000, not seasonally adjusted. There were 583 000 temporary employees, a decrease of 82 000. The average number of hours worked per week amounted to 163.3 million hours, a decrease of 4.0 million hours. There were 497 000 unemployed people, which is an increase of 56 000 people. This corresponds to an unemployment rate of 8.8 percent, an increase of 1.0 percentage points. Seasonally adjusted and smoothed data shows an increase in both the number and share of unemployed. The seasonally adjusted and smoothed unemployment rate amounted to 8.3 percent.

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Employed people with disability need support and adaptation

Among people with disability, approximately half (52 percent) are employed. Many of them need support and adaptation in their workplace.

The subdued state of the labour market continues in February 2024

People in employment aged 15 to 74 numbered 5 109 000 in February 2024. This is an increase of 4 000 people compared with February 2023. In the 20 to 65 age range, 283 000 people were unemployed. This equals a share of 5.6 percent expressed as a percentage of the labour force and is an increase of 0.4 percentage point compared with the same period of the previous year.