Finland Jobless Rate Rises
World Economy

Finland Jobless Rate Rises

Fresh data from Statistics Finland indicate that the average unemployment rate in 2015 was 9.4%, representing more than a quarter of a million people out of work during the year. A former senior finance ministry official says that government has its work cut out for it to create 110,000 jobs to boost employment.
Statistics Finland reported Tuesday that the average number of unemployed people last year was 252,000, some 20,000 more than in 2014, Yahoo reported.
Those numbers pushed the average jobless rate to 9.4% in 2015, up from an average of 8.7% in 2014.
Last year the rate of people with jobs fell slightly to 68.1%, from 68.3% one year earlier–a point noted by Juha Sipila’s government, which says it wants to increase the employment rate to 72% by creating 110,000 new jobs.
The number of working age people who had fallen through the cracks and dropped out of the job market last year was 144,000, some 5,000 more than in 2014.
Number crunchers said that this group had grown steadily since 2008.
On Tuesday former finance ministry director general Jukka Pekkarinen expressed skepticism about the government’s ability to reach its goal of creating over 100,000 new jobs.
Pekkarinen said that any measures the government takes to advance employment would have limited effect against the backdrop of the big picture. He noted that economic growth is the alpha and omega of job stimulation and government’s prescriptions should focus on generating growth.
"We would need new measures from the government and other policies to get anywhere near that goal," he added.
He said such policies could include providing supplementary training as well as ensuring a functional social benefits system that would support people entering the job market.

Short URL : http://goo.gl/WLs1qf
  1. http://goo.gl/6N3cwM
  • http://goo.gl/DwiIPd
  • http://goo.gl/JtHavN
  • http://goo.gl/Ev0SIl
  • http://goo.gl/XSmppt

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Academia and business leaders have expressed confidence in the bloc to drive world economic growth.
Academics and business leaders from developing countries...
Russia Continues With Privatizations
Russia’s Economy Ministry is continuing with the sale of state...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...