Employment situation of KOKO members continued to improve in 2022, with a slight increase in the number of benefit recipients towards the end of the year

The employment situation of KOKO members continued to improve during 2022. A total of 91 589 earnings-related unemployment allowance applications were received by the fund during the year, which is 44 453 fewer than in 2021, when 136 042 applications were received. The total number of first-time applications was 8 278 (2021: 10 002).

In 2022, the unemployment rate among KOKO members was 2.7% on average (2021: 4.2%). Unemployment was at its highest in January (3.2%) and at its lowest in October (2.4%).

Towards the end of the year, however, a slight increase began to appear in the number of benefit recipients and first-time applications. In December, 806 first-time applications were received by the fund and a total of 6080 persons received earnings-related unemployment allowance. The last time more than 800 first applications were received was in January 2022.

The number of applications for job alternation compensation remained low at KOKO. In 2022, the unemployment fund received 257 job alternation compensation applications, which is 93 more applications than in 2021. For mobility assistance, the total number of applications was 177 (2021: 211)

KOKO increased its membership by more than 5 600 members in 2022. At the end of the year, there were 243 250 members.

See the December statistical review and the 2022 statistical summary here (available in Finnish only).