Unemployment rate increases to 7.1 per cent in Finland

New figures have revealed that Finland’s unemployment rate climbed to 7.1 percent in September. The news came via the Labour Force Survey, issued by Statistics Finland, which said that nearly 187,000 Finns were jobless last month. The figure marks an increase of 0.2 percent (or 7,000 additional unemployed persons) from the same month in 2011. The total number of employed Finns this year was 10,000 higher than last year.

However, analysts note that September’s figure marks a noticeable drop from the 7.3 percent unemployment rate recorded in August.

Meanwhile, the Employment and Economic Development Office reported that only 36,000 new jobs were posted in September, a decrease of 6,000 from the same month one year earlier. Similarly, officials from the Ministry of Employment and the Economy said that some 240,000 people were registered as jobseekers during the 30-day period, marking a year-on-year increase of 16,000.

Young people remain among the hardest hit groups; the Labour Force Survey showed that 30,000 people aged 25 and under are without work – a rise of 10 percent from the same month in 2011.

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