In January, men’s unemployment rate in Finland was the highest in the EU

Unemployed It was 43,000 more in February than a year ago.

The number of employees continued to decline in February and unemployment increased, says Statistics Finland. In February, the 15-74 year old employees were 64,000 less than a year ago.

Employment rate in the age group of 20-69 year olds fell by two percentage points to 69.3 percent from February last year.

In February, 15-74 unemployed were 43,000 more than a year ago. In February, the unemployment rate was 9.4 per cent in February, compared with 7.8 per cent a year earlier.

“The trend in the employment rate was last in the spring of 2021, when the unemployment rate trend was still as high at the beginning of 2016 Elina Pelkonen in the bulletin.

Statistics Finland reports that in January, the unemployment rate of men was the highest in the EU countries in Finland, according to the EU Statistical Office.

Men’s average unemployment rate in the EU was 5.5 % and in the euro area 6.0 %.

In Finland it was 9.4 per cent.

Gender Conditable, the unemployment rate was higher in January in Sweden and Spain.

“It is quite possible that in the coming months Finland will not be able to invest in international comparison when the unemployment figures in Finland were higher than before,” says Statistics Finland’s overtuary Pertti Taskinen in the bulletin.

In February, the number of employees decreased, especially for women. In February, there were 7,000 less employed men and 58,000 employed women than a year earlier.

Finnish Entrepreneur’s economist Petri Malinen Seen the exceptionally slow recovery of the Finnish economy behind the figures. He says in his comment that weak economic growth and private consumption of low consumers are clearly reflected in the increase in the number of unemployed.

He sees small positive signs in the air, such as purchasing power -supporting wage settlement, lower interest and low inflation, and gently for the future confidence of companies. However, they are not fully visible in private consumption.

« The business cycle is still challenging, and the geopolitical turmoil creates uncertainty both domestically and in international markets. Despite positive brands, better times can be expected at the earliest in the summer, as the labor market reacts to the economic turnaround, » Malinen predicts.