Tag: Unemployment
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SAK's boss says strikes this week are unlikely to be avoided
“About 70,000-75,000 employees from SAK member unions will go on strike. But when unorganized workers and members of other trade unions are also taken into account, the total number will probably rise to more than 100,000, Eloranta said on YLE Ykkösaamu on Saturday. SAK consists of 18 trade unions with a combined membership of over…
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Swedes experience a “double winter” before Christmas
© Provided by Xinhua The festive atmosphere in Stockholm is dampened as Swedes face an “economic winter” marked by a technological recession and ongoing inflation, which is straining households and businesses. STOCKHOLM, Dec. 7 (Xinhua) — The Swedish capital is teeming with people walking past shop windows with Christmas decorations. But their warm jackets that…
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Finland's employment situation is deteriorating amid the economic recession
The key indicators monitoring the demand and supply of labor show negative changes compared to the corresponding period of last year and the last few months. In addition, the outlook for the coming months is dim due to the threat of a recession. According to Statistics Finland, the number of employed people decreased by more…
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In Uusimaa, the demand for labor is falling more sharply than in the whole country
A sharp downturn will follow the peak of labor demand in 2022. “After last year's high labor demand, we have seen a clear decline. However, the increase in unemployment is still nowhere near the level experienced during the pandemic. Despite the challenging times, we do not expect an explosive increase in the unemployment rate in…
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YLE: November was the best month of the year for many real estate agencies
Topi SalmiThe executive director of the apartment center revealed that market activity picked up especially in growth centers such as Espoo, Helsinki, Tampere and Vantaa. One of the factors that contributed to the acceleration of sales is that first-time home buyers are not exempt from the transfer tax from the beginning of next year. Juho…
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Consumer confidence in Finland is stable, but still weak
Respondents to the monthly confidence survey particularly noted their concerns about Finland’s current unemployment situation, which more than 60 percent thought was likely to worsen.
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The unemployment rate is rising in Finland’s economic powerhouses
Continued unemployment despite stable monthly levels Finland’s largest unemployment fund, YTK, announced the unemployment rate of its members at 6.0% in October, which is a slight decrease from September’s 6.1%. However, this is 0.9 percentage points higher than the previous year. This increase was influenced, among other things, by the recession in the construction industry…
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Employment fell, unemployment increased in Finland in October
77.4 percent of the country’s 20–64-year-olds were employed, which is 1.5 percentage points less than the previous year. The number of unemployed increased by 28,000 to approximately 190,000 between October 2022 and October 2023. As the economic recession complicates the employment situation until interest rates start to fall, the worst for the employment situation is…
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Finland’s employment situation is deteriorating, and there is no immediate improvement in sight
The decrease is partly due to last year’s high comparative level. The employment rate trend for 20-64 year olds was 78.0 percent, while the most commonly used trend for 15-64 year olds was 73.6 percent. The peak of the employment rate was in October-November last year and was 74.2 percent. Appelqvist comments: “The employment situation…
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Unemployment increased, vacancies decreased during October
There were 28,000 more unemployed people in October this year than in the corresponding month last year, when Finland’s unemployment rate was 6.8 percent.
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Soste: Expenditure cuts to increase the number of low-income earners by tens of thousands
The growth is predicted to be most significant in Uusimaa, Finland’s most populous region. There, the number of people with low incomes increases by almost 13 percent from a year ago to 203,800. As a result of the fact that more and more people move into a lower income category, according to Sosten, there is…
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YLE: Age discrimination affects part of working life in Finland
He said older workers continue to be associated with unfounded myths and prejudices that negatively affect recruitment, their position in the workplace and their self-perceptions. “People think that the elderly need more work due to illness, or that they have a higher risk of receiving a disability pension. People think that they can’t learn new…
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Membership of the unemployment fund gives you a small discount
By paying into an unemployment fund, people can apply for earnings-related benefits if they lose their job.
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Current pensioners have paid only part of their pensions, the calculations show
For those born in the 1960s or after, the ratio drops to around two euros for every euro. ETK also made another calculation to take into account the average nominal return of pension funds, assuming that in the absence of a pension system, people would have invested an amount equal to their pension contributions with…
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Espoo’s 2024 budget focuses on education amid financial challenges
Economic challenges and a strategic response Faced with global conflicts, rising inflation and rising interest rates, Espoo’s households and companies are moving in a tightening economic life. The city’s corporate income tax is dwindling, and the spike in bankruptcies in the construction industry means deeper financial distress. In addition, the unemployment rate is rising. These…
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Get a job
Many graduate their Danish studies and then immediately fall into the terrifying job search spiral. I had been in this spiral for a while when Britain decided to leave the EU. When I heard the result, my first thought was: “F*ck. What about my unemployment benefit?” Not surprisingly, the wobbly crutch of the A box…
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Consumer confidence is falling again
Respondents to the monthly Consumer Confidence Survey expressed their concern about Finland’s economic prospects and the deteriorating unemployment situation.
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Unemployment in September was 3.9%
In September, unemployment in Iceland was 3.9%. During this month, 8,700 people were unemployed. A statement from Statistics Iceland shows that the percentage of people in employment was 77.4% and the employment rate was 80.5%. On a monthly basis, unemployment increased by 1.1 percentage points, the percentage of employed persons decreased by 1.3 percentage points,…
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Finland "financial uncertainty" increases the number of unemployed job seekers
The latest unemployment figures reflect uncertain economic prospects, states the regional authority.
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The outlook for Finnish companies is gloomy: 49% considered the atmosphere in the industry to be pessimistic, reveals the survey
According to the study, 30 percent of companies expect their income to decrease in the next six months. In contrast, only 21% had similar predictions in May, suggesting a shift towards a more pessimistic outlook. In addition, 24 percent of respondents expect their income to increase in the next six months, compared to 33 percent…
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Ministry of Finance: Finland’s economy will remain in recession until next year
“We don’t expect any particular structural frictions or bottlenecks that would prolong the recession. We see this as a phase related to normal business cycles, says Mikko Spolander, Director General of the Ministry of Finance. stated at a press conference in Helsinki on Monday. Exports, investments and private consumption are predicted to grow again next…
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It is more difficult for foreigners to find a job in Iceland
As RÚV reports, foreigners currently make up almost 50% of the unemployed in Iceland, while they only make up 15-20% of the population. “This shows that foreigners in Iceland face additional obstacles when looking for a job,” says Katrín Ólafsdóttir, assistant professor of economics at Reykjavik University. The overrepresentation of immigrants in the unemployment register…
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Women’s employment increases, men’s unemployment increases in August
However, the gender gap was clear, women’s employment increased significantly, by 49,000 compared to the previous year, while men’s employment remained almost unchanged. The number of employed men decreased by 4,000 compared to the previous year,” pointed out Tatu LeskinenSenior statistician at Statistics Finland. “It is worth noting that during the same period the number…
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Mikael Pentikäinen: Urgent need for labor market reforms
The trade unions present a strong argument against why the Finnish labor market should not be reformed even during this government. They want to continue the path of avoiding reforms and complicating business primarily to secure their power, which Finland has followed for decades. Let’s repeat why there is a dire need for reforms. Growing…
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Job growth is recovering, but unemployment is slowly rising in Finland
The employment rate for the age group 20–64 was 77.8% and for the traditional 15–64 age group 74.1%. The development of the employment rate has remained relatively stable in a horizontal direction since last fall. “We had quite a shock last month when employment fell sharply in July. Now it looks like it was an…
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Purra accuses unions of lying and distorting facts as unions detail first protests
For example, electrical workers carry out shutdowns at Turku Energia and Olkiluoto nuclear power plant. Last week, Teollisuusliitto also announced a series of hour-long walkouts at workplaces north and eastern in parts of the country. Palveluitto United (PAM) and the Construction Trade Union will organize demonstrations outside working hours on Thursday in Joensuu, Mikkeli and…
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Unions announce new industrial action to oppose government policies
The plan to cancel work-based residence permits after three months of unemployment is one of the new rules that have angered unions.
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Major changes to Finnish social security are planned for 2024
Full details have yet to be confirmed, but available information points to a number of key changes, including reductions in unemployment benefits and universal housing benefits, as well as increases in child benefits and Kela reimbursements for private GP practices. The details of the changes will be announced when the government’s bills have been confirmed.…