International Internet Magazine. Baltic States news & analytics
Friday, 18.04.2014, 00:32
Statistics Lithuania informs that, based on provisional data, in 2013, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.32 at current prices, which is by LTL 1.96 more than in 2012. The gross value added per person employed amounted to LTL 83 447.
Keyword tags: Analytics, Employment, Financial Services, GDP, Labour-market, Lithuania, Markets and Companies
After four consecutive months of growth, there was a slight reduction in the unemployment level in March 2014, reports LETA, referring to the State Employment Agency's data.
Slow economic growth has had a visible impact on the labour market, Estonia's central bank Eesti Pank said in its fresh labour market review on Wednesday, informs LETA.
The euro area seasonally-adjusted unemployment rate in February 2014 was 11.9%, stable since October 2013. It was 12.0% in February 2013. The EU unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013, informs LETA/ELTA, referring to Eurostat.
Average hourly labor costs in Latvia increased 5.9% in the fourth quarter of 2013, compared to the respective period in 2012 – the second steepest increase across the European Union, according to the latest data from the EU's statistical office Eurostat, reports LETA.
Data of Central Statistical Bureau show that the number of occupied posts in Latvia at the end of the second half of 2013 comprised 862.0 thousand, and compared to the same period of the previous year, it is an increase of 16.3 thousand or 1.9%.
A research study conducted by the "headhunter" firm CV – Online Latvia shows that 30% of the workforce in Latvia in 2013 experienced pay raises, and this in turn attests to improvement in the overall situation, reports LETA/Nozare.lv.