Finland’s Unemployment Rate Jumps to Four-Year High of 10.8%
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Finland’s unemployment rate rose to its highest since May 2009 as the Nordic nation’s recession prompted exporters to cut jobs.
The jobless rate, which isn’t adjusted for seasonal variations, rose to 10.8 percent last month from 8.8 percent in April and 9.5 percent a year ago, Helsinki-based Statistics Finland said today. Unemployment tends to peak in May as students enter the labor market, the statistics office said.