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More Finns Find Jobs

Finland’s jobless rate fell to a five-month low in June from the previous month’s 13-year high, figures from Statistics Finland showed Tuesday, RTT reported. The jobless rate decreased to 10% in June from 11.8% in May, which was the highest since May 2002. A year earlier, the rate was 9.2%. The latest rate of unemployment was the lowest since January 2015, when it marked 8.8%. On a seasonally adjusted basis, the jobless rate rose slightly to 9.7% in June from 9.6% in May, which was revised down from 9.7 previously reported. A year ago, the rate was 8.5%. The youth unemployment rate, which applies to the 15 to 24 age group came in at 22.7% in June, down from 36.3% in May. However, youth jobless rate rose to seasonally adjusted 23.1% from 23%. The number of unemployed people declined to 280,000 in June from 324,000 in May. A year ago, the jobless figure totaled 258,000. Meanwhile, the employment rate climbed to 61.6% in June from 59.4% in the prior month.

 

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