A worker puttin on headphones on an office in Helsinki. Photo: Vesa Moilanen / Lehtikuva
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Finland has recorded the second-highest unemployment rate in the European Union, overtaken only by Spain, according to the latest Eurostat figures.
In May, Finland’s jobless rate reached 9.9 percent, compared to 10.4 percent in Spain. Sweden followed in third with 8.3 percent. The EU average stood significantly lower.
A decade ago, high unemployment was concentrated in southern EU countries such as Spain, Greece and Italy.
That pattern has now reversed. Finland has moved into a position previously associated with the most crisis-hit economies of the eurozone.
The shift is not due to worsening conditions in Southern Europe, but rather improvements there.
“The situation is perverse, this is not something we’re used to seeing,” said Elina Pylkkänen, Under-Secretary at the Ministry of Economic Affairs and Employment.
According to Pylkkänen, Finland’s relative fall stems from multiple
Source: www.helsinkitimes.fi
