The employment rate trend has fallen since reaching the 73 per cent mark in January. highlighted STT.
The downward trend in the employment rate is due to the fact that the sharp fall in employment caused by the coronavirus last spring is interpreted in the latest statistics as a permanent change and not as a seasonal or random variation, as the situation has not improved in the last six months.
“Statistics Finland updated its employment rate to better reflect the events,” summed up OP Financial Group’s Chief Economist Reijo Heiskanen.
The statistics also received comments from other economists.
Pasi Kuoppamäki, Danske Bank’s chief economist, pointed out that the unemployment rate was 8.4 per cent in May. “Employment increased moderately in September, but the labor market recovery is in danger of running out of steam momentarily due to the second wave [of coronavirus infections] in the fall, ”he said.
Aleksi Teivainen – HT