Earnings-related unemployment allowances hit 20-year high

Earnings-related unemployment allowances hit 20-year high

The hotel sector is among those hardest-hit by the pandemic (file photo). The number of people receiving earnings-related unemployment allowances rose by 86 percent last year compared to the year before, reaching its highest level in 20 years, the Federation of Unemployment Funds in Finland (TYJ) said on Wednesday.

Unemployment funds paid out the allowance to 456,000 unemployed or furloughed workers, representing about eight percent of the population.

The monthly number of applications rose as much as eight-fold compared to previous years."Last spring’s spike was unprecedented," TYJ Director Aki Villman said in a statement on Wednesday.Despite the rapid surge, applications were […]

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