Finland – Unemployment rate at 10%, 22.7 percent for youth

Statistics Finland reports that the unemployment rate in Finland reached ten percent in June 2015, up from 9.2 percent one year earlier. Youth unemployment is over 22 percent already, with no signs of improvement in sight because there are no jobs or internships to be had.

Young people have it the worst

Perhaps the most worrying development in the Finnish labour market is the rise in youth unemployment. In June 2015, there were a total of 644,000 young people living in Finland who were between the ages of 15 and 24. Of them, 345,000 were employed and 101,000 unemployed.

New Statistics Finland figures peg the June percentage of 15 to 24-year-old unemployed at 22.7 percent, up two percentage points from one year previous.

Employment Ministry numbers show that there were over 40,000 unemployed jobseekers under 25 in late May, but by the end of June, that number had jumped to over 55,000.

via Unemployment rate at 10%, every fifth young person without work | Yle Uutiset | yle.fi.