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Finland’s labour market weaker than that of the euro area
In recent years the Finnish labour market, with declining employment and rising unemployment, has been considerably weaker than the euro area labour market. Both cyclical and structural factors underlie recent labour market developments in Finland and the euro area.
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Labour market flows run deeper: Participation has raised both employment and unemployment
Inflows into the labour force have been higher than outflows in recent years. This has led especially to a rise in employment, but in recent years also a simultaneously high unemployment rate.