Economic Report 2012

Initiate further measures to reduce youth and long-term unemployment

In international comparison, unemployment in the Faroe Islands is not considered high. The phenomenon of long-term and youth unemployment can nonetheless prove to have damaging effects on economic growth in the long run. Faroese authorities should therefore – alongside the measures undertaken by the Faroese Unemployment Scheme (ALS) – initiate further measures aimed at decreasing unemployment further.