Feb 24 • 06:10 UTC 🇫🇮 Finland Yle Uutiset

Statistics Finland: More Unemployed than a Year Ago

Finland's unemployment rate decreased slightly in January but the total number of unemployed individuals rose compared to the previous year.

According to Statistics Finland's labour force survey, the unemployment rate in Finland saw a slight decrease in January, dropping to 10.3% from 10.7% in December. This indicates a marginal improvement in the job market; however, the overall number of unemployed individuals increased compared to the same period last year. The statistics reveal that there were 295,000 unemployed individuals aged 15 to 74 in January, which is 26,000 more than in the previous year.

The data shows that the rise in unemployment is largely due to an increase in the number of unemployed men and women. Specifically, there were 18,000 more unemployed men and 8,000 more unemployed women compared to the previous year. This situation raises concerns about the labor market's recovery and the potential challenges facing certain demographic groups as they attempt to find work amidst changing economic conditions.

Overall, while the slight drop in the unemployment rate offers a glimmer of hope, the increase in the total number of unemployed individuals underscores ongoing economic challenges in Finland. Policymakers may need to address the underlying factors contributing to rising unemployment figures, especially as the nation moves towards sustained recovery from economic disruptions.

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