Finland’s employment rate climbs to 73 percent | News

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There were 62,000 more people in employment in Finland last month compared to November 2020, and 24,000 fewer unemployed.

A total of 2.6 million people were employed in November 2021, an increase of 2.5%. Image: Terhi Liimu / Yle

There were 62,000 more people in employment in Finland last month compared to November 2020, and 24,000 fewer unemployed. A total of 2.6 million people were employed in November 2021, an increase of 2.5%, while 164,000 people were unemployed, a decrease of 12.5% ​​compared to the same period. last year.

The calculation agency’s report also found that the number of new job postings rose 88% in November compared to the same month last year.

This equates to a total of 93,000 new job postings, up from 49,000 a year ago.

At the same time, figures released by the Ministry of Economic Affairs and Employment revealed that a total of 253,000 job seekers were registered in employment and economic development (TE) offices and across the country. in November.

This represents a drop of 62,000 from November last year, the ministry added.

The difference between the figures provided by Statistics Finland and those of the Ministry of Employment and the Economy is explained by the fact that the definition of an unemployed person by Statistics Finland is stricter than that of the Ministry.

The figures provided by Statistics Finland are internationally comparable and therefore constitute the official Finnish unemployment statistics.

Ministry predicts growth

On Monday, the Ministry of Finance forecast economic growth of 3% for Finland in 2022, against 3.4% in 2021.

The ministry said it expected fiscal stimulus to continue and a stabilization of the economic outlook thanks to the mitigation of the coronavirus pandemic.

Despite this, the ministry expects economic growth to slow down in the future due to long-term structural issues with the economy.

“The epidemic will subside over time, but demographic problems and economic changes will continue for a long time into the future,” the senior ministry official said. Mikko Spolander.

“Change in the economy requires creativity, know-how, new technologies and significant private investment as well as the prudent use of public funds. “

The Bank of Finland forecast last week that economic growth will reach 2.6%.


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