Finland's unemployment rate increased more than economists expected in March, latest data showed Tuesday.
The unemployment rate increased to 9 percent in March from 8.5 percent in the same month a year earlier, Statistics Finland said. Economists were looking for a jobless rate of 8.8 percent.
The unemployment rate among youth, aged between 15 and 24, was 24.8 percent in March, which was 0.7 percentage points higher than one year previously.
The number of unemployed persons in the country increased 3.9 percent annually to around 236,000 in March.
Meanwhile, the number of persons in employment decreased 1.7 percent year-on-year to around 2.39 million. The employment rate was 66.6 percent, lower than 67.6 percent recorded in March 2012, data showed."
...Shhhhhh....it's not global QE anymore that is the solution...it's getting the global participation rate down to levels where the UE rate goes down....
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