RTTNews - Tuesday, the Statistics Finland announced that the jobless rate stood at 7.7% in July, down from 9.1% in June. Economists were looking for the rate of 8.2%. A year earlier, the jobless rate was 5.2%.

There were 211,000 unemployed persons in July, larger than the 144,000 persons in a year ago.

In July, the total labor force stood at 2.73 million, down from 2.77 million in the previous year. Similarly, total employed persons decreased to 2.52 million from 2.62 million last year.

Meanwhile, the labor force participation rate dropped to 67.9% in July from 69.1% in a year ago.

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