Finland Dec. Jobless Rate Rises

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Tuesday, the Statistics Finland announced that the jobless rate stood at 7.9% in December, up from 6.1% recorded a year ago. Economists expected the jobless rate to be 8.6%. In November, the jobless rate was 8.5%.

Te number of unemployed totaled 206,000 persons in December, larger than the 162, 000 persons in the previous year. Total labor force stood at 2.62 million, down from 2.66 million a year earlier.

Meanwhile, the labor force participation rate was 64.9% in December, smaller than the 66.2% in a year ago.

In 2009, the average annual unemployment rate stood at 8.2%, up from 6.4% recorded in 2008.

Tuesday, the Statistics Finland announced that the jobless rate stood at 7.9% in December, up from 6.1% recorded a year ago. Economists expected the jobless rate to be 8.6%. In November, the jobless rate was 8.5%. (Market News Provided by RTTNews)