Employment in Finland continued to grow amid concerns
PENSION INSURER Ilmarinen revealed on Monday that the number of employees in the more than 60,000 companies included in its financial review increased by more than two percent in July compared to the previous year.
The growth of employment was especially accelerated by the accommodation and restaurant sectors and by labor service providers.
“Of the industries we monitored, only construction showed a slight decrease in July. The number of employees has now grown continuously for about a year and a half. The positive development has been widely reflected throughout Finland. comment Miika AromaaIlmarinen’s team leader.
However, the growth in the number of personnel slowed down from June, when it accelerated by four percent from the previous year.
The number of employees increased by 11 percent in the accommodation and restaurant industry, by almost nine percent in the employment service industry, by more than six percent in the communications and data processing industry, and by almost three percent in industry. review.
The number of personnel in construction companies, on the other hand, decreased by 1.4 percent.
Aromaa saw that there is a risk that the positive development that has been going on for a long time will turn to a decline in some other industries at the end of the year as well.
“The number of personnel in the accommodation and restaurant industry has grown strongly since this spring. The industry has already faced obstacles to growth because there is not enough skilled labor for every restaurant and hotel. Employees have also left the industry during the pandemic,” he pointed out.
The Finnish economy recovering from the coronavirus pandemic supported the favorable development of employment and wage costs in the early part of this year. However, global trade has struggled to overcome supply chain bottlenecks and pandemic restrictions in China.
“The economic sanctions imposed due to Russia’s war of aggression have affected Finland’s exports and industrial production. Inflation has accelerated to a record level, central banks have tightened their monetary policy quickly and interest rates are rising, Aromaa listed.
Aleksi Teivainen – HT