International Internet Magazine. Baltic States news & analytics
Thursday, 05.05.2016, 15:21
The unemployment level in Latvia could reduce to 8.7% this year, informs LETA, according to projections from the Economy Ministry.
Keyword tags: Analytics, Employment, Labour-market, Latvia
The euro area seasonally-adjusted unemployment rate was 10.3% in February 2016, down from 10.4% in January 2016, informs LETA, according to the latest Eurostat data.
Data of the Central Statistical Bureau (CSB) show that, compared to the end of 2014, at the end of 2015 in Latvia there were 877.4 thousand occupied posts, and the number thereof has increased by 9.4 thousand or 1.1%. During the year, number of occupied posts in private sector rose by 7.4 thousand or 1.3%, reaching 585.0 thousand.
Data of the Central Statistical Bureau (CSB) show that, compared to the 4th quarter a year before, in the 4th quarter of 2015 hourly labour costs grew by 43 cents or by 6.4% and reached EUR 6.96. According to seasonally adjusted data, labour costs rose by 7.6%.
The registered unemployment level in Latvia in February 2016 increased by 0.1 percentage points to 9.2% of the economically active population, informs LETA, according to the State Employment Agency.
Altogether 32,700 people, making up 5.1% of the working-age population, were registered as unemployed in Estonia at the end of February 2016, the Unemployment Insurance Fund said LETA/BNS.
According to Statistics Estonia, there were almost 6,600 job vacancies in the enterprises, institutions and organisations of Estonia in the 4th quarter of 2015. The number of job vacancies decreased by 25.5% compared to the previous quarter and by 8.4% compared to the 4th quarter of 2014.