More people were again out of work in November, according to the national number cruncher.
Joblessness continued to rise in November, according to Statistics Finland. The trending unemployment rate climbed to 10.6 percent, up 0.2 percentage points from October.
This marks the bleakest reading since 2009, when the agency began tracking the trending jobless rate. The trend tracking is a measure of long-term changes in employment and unemployment, eliminating the peaks and valleys of factors like seasonal employment variations.
The agency reported that as of November, there were around 50,000 more unemployed people this year compared to the same month in 2024. In total, 276,000 people in Finland were out of work last month.
The overall number of those in work changed little compared with last year. However, part-time employment increased, while full-time jobs continued to decline.
Last week, the governement said Finland's economic recovery this year has been weaker than expected.
According to the Finance Ministry, public finances may still need to be adjusted by 1.4 billion euros during this government term by some combination of tax hikes and budget cuts.
