International Internet Magazine. Baltic States news & analytics
Monday, 03.08.2015, 20:10
In June 2015, Lithuania's seasonally adjusted unemployment stood at 8.5%, slightly up from May with 8.2% but down from 10.9% compared to June 2014. This June, there were around 127,000 job-seekers in Lithuania, Eurostat, the statistical office of the European Union (EU), reports. The euro area (EA19) seasonally-adjusted unemployment rate was 11.1% in June 2015, stable compared with May 2015, and down from 11.6% in June 2014, writes LETA/ELTA.
Keyword tags: Analytics, Employment, EU – Baltic States, Labour-market
The situation on the labor market will continue to steadily improve in the coming years in Latvia, and by 2020 the employment rate could be growing by 0.2% to 0.7% annually, while the unemployment rate could reduce to 6.1%, according to the Economy Ministry's medium- and long-term forecasts for the labor market, cites LETA.
The unemployment level in Latvia will continue to decrease and the unemployment rate could drop to 9.8% in 2015, the Economy Ministry believes, cites LETA.
The euro area seasonally-adjusted unemployment rate was 11.1% in May 2015, stable compared with April 2015, and down from 11.6% in May 2014. This is the lowest rate recorded in the euro area since March 2012, said Eurostat, the statistical office of the European Union, cites LETA/ELTA.
At the end of May 2015, the unemployment rate in Latvia fell to 8.6%, which is 0.2 percentage points fewer than one month ago, reports LETA, according to information by the State Employment Agency.
In May 2015, registered unemployment decreased moderately in Lithuania and in the last three months more than 30,000 vacancies were registered every month. In May 2015, employers submitted 31,400 job proposals, informs LETA/ELTA.
The Tripartite Council in Lithuania convened on Tuesday, 26 May. Representatives of trade unions, employers and the Government continued to discuss the new Labour Code – one of the fundamental parts of the new social model drafted by scientists, informs LETA/ELTA.