International Internet Magazine. Baltic States news & analytics
Thursday, 31.07.2014, 16:30
As of end of June 2014, a total of 27,677 persons were registered as unemployed, writes LETA/Postimees Online.
Keyword tags: Analytics, Employment, Estonia, Financial Services, Labour-market
39% of youth in Latvia believe that the possibilities of getting a job position that appeals to them, are "poor", according to a study conducted by the Youth Competence Center, cites LETA.
The IT sector's turnover in Latvia increased by 20% in 2013, which indicates steady growth. Meanwhile, the largest problem in the sector is the lack of qualified IT specialists, director general of the Latvian Information and Communications Technology Association, Andris Melnudris said in a discussion organized by the business portal Nozare.lv and Firmas.lv, cites LETA.
Average hourly labor costs in Latvia increased 7% in the first quarter of 2014, compared to the respective period in 2013 – the steepest increase across the European Union, according to the latest data from the EU's statistical office Eurostat, cites LETA.
Businesspeople in Latvia are more optimistic today about the creation of new jobs than they were at the conclusion of last year – this according to the latest Citadele Index study. Businesspeople from exporting companies are more likely than others to say that they have plans to increase staff numbers, informed BC head of corporate communications at Citadele Bank Baiba Ābelniece.
The number of employed persons increased 0.1% in Latvia in the first quarter of 2014, compared to the respective period in 2013 – the smallest increase in the European Union, according to the latest data from the EU's statistical bureau Eurostat, cites LETA. The largest year-on-year reduction in employment was registered in Cyprus – 4.6%, followed by Estonia – 1.1%, and the Netherlands – 1%.
The registered unemployment level in Latvia in May 2014 reduced by 0.5% to 9.1% of the economically active population, informs LETA, referring to the State Employment Agency's data.