Employment decline nears three-year mark, Ilmarinen says

The number of employees in companies tracked by Ilmarinen fell by 0.6 per cent in January compared with a year earlier. The drop marks two and a half years of decline in the pension insurer’s business cycle index. In December, the annual fall stood at 0.5 per cent.

The index covers more than 50,000 companies and around 600,000 employees. It tracks ten sectors that account for most of Finland’s private sector.