Finland Nearing a 9 Percent Unemployment Rate
Unemployment in Finland has escalated, with the Ministry of Economic Affairs and Employment revealing new figures. As of October, there were 285,200 unemployed individuals, which indicates a rise of 29,100 compared to the same time last year. Notably, Finland’s unemployment rate was at 8.7 percent. Similarly, there were fewer job vacancies with only 51,300 job openings last month, a drop of 50,700 from a year earlier. Furthermore, newly posted job openings in October were recorded at 27,300, marking a decrease of 26,700 compared to last October. There was also an increased number of furloughed individuals, with the numbers reaching 32,400 by the end of October. This is 3,000 more than the previous year. With these statistics considered, the current 8.7 percent unemployment rate, 1.1 percentage points higher than the previous year, has been adjusted to disregard the effects of seasonal variations on employment.
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