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Finland – Older Workers facing a growing risk of unemployment as they age

A fresh batch of data from Statistics Finland shows seniors facing a growing risk of Capture d’écran 2014-06-09 à 13.30.36unemployment as they age. A Tampere University researcher says the reason for the trend could be the constantly rising lower age limit for pre-retirement unemployment benefits.

Employment data show that the age at which over-50 year olds face the risk of unemployment is rising constantly, according to fresh data from Statistics Finland.

One university researcher says the rising eligibility age for pre-retirement unemployment benefits makes workers in this age group a likely target when job cuts become necessary.

The data show that for men the risk of becoming jobless was greatest between the ages of 58 and 59, while for women the corresponding age was 58.

Back in 2003 the risk of unemployment was highest for men aged 55 and for women who were 56.

Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment risk growing among pre-retirement workers | Yle Uutiset |

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