Finnlands Arbeitslosenquote ist mit 10,3 % auf dem höchsten Stand seit 2009

I read the article, and despite the headline, officials say the situation is improving.

How impactful have Russian relations been to this? I would expect detiorating trade with such a big economy next door would have a big impact.

As usual people are blaming whatever the current government is for something that has been an obvious trend for 20 or even 30 years. Also demanding that government spends more is not going to produce anything. For some reason people think that if every citizen is given 1000€ and they spend it on new iphone and ordering pizza, economy will grow like some arcane magic was involved. If it was so easy, why doesn’t every country’s do it then?

To have a stable real economy it needs to je backed by production of actual good and services that can be exported and used as part of production for higher valued products. We need capital, investments, companies, competitive pricing and less bureaucracy.

Finland has a dire need for reforms but noone is willing to make them. 

It’s worth noting that the number reported by the statistics agency is a lot lower than the actual number of unemployed people. One hr/wk of work is enough to classify as employed.

KEHA-keskus reports that there were 313,627 „unemployed“ people at the end of October (vs. 276,000 in the YLE article). Also there were 87,000 outside the labor force (incl. various often kinda bullshit training programs, e.g. storage work for 9€/day) and 51,000 part-timers.

All in all, 520,000 registered jobseekers and 27,000 job openings :I

source:
https://www.tyollisyyskatsaus.fi/graph/tkat/tkat.aspx?ssid=25112515142773&ely=&lang=EN&link=14#

Exports are down, high government debt, rapidly aging population, AI and automation replacing entry level jobs and high employee protections and cost.

So it’s risky for businesses to hire when things are slow, and the government also needs to get their spending down. In addition to the usual ai and automation taking place across the world.

Hold my Champagne I can rise that number.

BR, Orpo

Next trimester expect for Spain to be lower than Finland. And that’s while growing population half a million a year thanks to immigration.

Finland I wasn’t familiar with your game🤝

Hard situation. Our main trade partners are also struggling, russia trade is halted, US trade is uncertain, and promising increase will only affect economy in the future.

High pensions, less people working as people age, pension system collapses. Us young people have to pay increasing amounts to the system, because government doesn’t want to piss off the most active voting group, retirees.

Government cuts from public sector, jobs that are hardly transferable to private market in our economy. Public sector has been leader of salaries in our economy for quite some time, which obviously isn’t healthy for the economy, since those jobs are mainly not ones generating money into the economy, only spending tax money.

Unions overpowering companies. This has been a big issue in the past already. For example paper and forest industry were forced to close down machines from factories in Finland instead abroad, because closing one down here would equal to closing multiple(2-3) abroad.

And lets not forget long history of high taxing (and unions), making Finland unattractive place for investments for global companies, even though we have specific high level skill sets. Sweden was in this same situation, but they chose to try to fix the situation, which has proven to work so far.

Meanwhile the Netherlands just came out of negative unemployment rates, there are currently 97 open positions per 100 unemployed people. Granted many of those are shit jobs but still

Oh come on Finland let Spain be number one in something

oh you know it’s real when even the fins are experiencing it.

so where are all those armchair macro experts that said jensen huang doesn’t know anything and just got lucky? i guess they are quiet nowadays.