International Internet Magazine. Baltic States news & analytics
Monday, 30.05.2016, 04:04
The European Commission calls on Lithuania to deal with labor market problems, particularly a decline in the working age population, and to improve the coordination of innovation policies and to encourage the development and absorption of new technologies, informs LETA/BNS.
Keyword tags: EU – Baltic States, Innovations, Labour-market, Legislation, Lithuania, Markets and Companies, Technology
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that, in the 1st quarter of 2016 in Latvia there were 889.2 thousand employed persons or 61.0% of the total population aged 15–74.
Data compiled by the Central Statistical Bureau (CSB) show that, in the 1st quarter of 2016 unemployment rate in Latvia accounted for 10.3%. Compared to the previous quarter, unemployment rate grew by 0.5 percentage points, while during the year the indicator rose by 0.1 percentage points.
Lithuania should address the issue of aging society and decreasing numbers of working-age population by implementing active labor market policies, say analysts of the International Monetary Fund, cites LETA/BNS.
Statistics Lithuania informs that, according to the Labour Force Survey data, in I quarter 2016, the unemployment rate stood at 8.3%, and against IV quarter 2015, decreased by 0.5 percentage points, against the respective period of 2015 – by 1.7 percentage points. In I quarter 2016, the male unemployment rate stood at 9.6%, female – 7%.
According to Statistics Estonia, the unemployment rate was 6.5% and the employment rate was 64.1% in the 1st quarter of 2016. There were no major changes compared to the 1st quarter of the previous year.
The registered unemployment level in Latvia in April 2016 decreased by 0.3 percentage points to 8.8% of the economically active population, informs LETA, according to the State Employment Agency.