Unemployment in a European country reached a 26-year high
In Finland, unemployment continues to rise. This is reported by Bloomberg, citing Gazeta.ru.
The agency refers to data from the country's statistical office, according to which unemployment among people aged 15-74 rose to 10.8% in May. This is 0.1 percentage points higher than in April. At the same time, the April figures were the highest since at least 2000.
According to Bloomberg, Finland's economic recovery after the coronavirus pandemic has been the weakest in Europe. One of the reasons is the collapse in trade with Russia. In addition, the consequences of tightening budget policy, aimed at putting public finances in order, have had an impact.
The situation is complicated by geopolitical uncertainty related to the war in the Middle East. According to Eurostat, unemployment in Finland is currently the highest in the European Union.
