Finland’s unemployment rate rose to 5.9% in September from 5.6% in August, data from Statistics Finland showed Tuesday.

The rate in July was 5.2%.

The national statistics agency said the total number of unemployed in September rose by 7,000 to 158,000, while the number of employed fell to 2.51 million from 2.57 million, giving a 70% employment rate.

Bank of Finland Governor Erkki Liikanen said late September that the outlook for the Finnish economy has weakened considerably over the past six months on the heels of financial market havoc and higher commodity prices.

But he said “the gloom in the economy is a temporary phase, and growth is forecast to recover again in 2010.”

Source: http://www.djnewswires.com/eu

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