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Record low unemployment in the Faroe Islands – just 296 people

Nowhere in the Nordics will you find a higher employment rate than in the Faroe Islands right now. It stands at 90%, and unemployment is only 0.9%. What is it like in a society where nearly everyone has a job, and where being unemployed is correspondingly difficult?
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The MEST shipyard

lies in the middle of Torshavn, and anyone can see how they work. The company has links back to 1898, and comprises two shipyards and one mechanical workshop. It is one of the Faroes’ largest employers with 300 staff. When Denmark’s Prime Minister Mette Fredriksen visited the Faroe Islands between 6 and 8 November last year, she was given a tour of MEST – which is short for Machine, Electricity, Steel and Timber.

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