International Internet Magazine. Baltic States news & analytics
Friday, 22.08.2014, 04:58
Statistics Lithuania informs that, according to the Labour Force Survey data, in II quarter 2014, against I quarter 2014, the unemployment rate decreased by 1.2 percentage points; against II quarter 2013, it decreased by 0.5 percentage points. In II quarter 2014, the unemployment rate in the country stood at 11.2%. The male unemployment rate stood at 13.2%, female – 9.3%.
Keyword tags: Analytics, Education and Science, Employment, Labour-market, Lithuania, Markets and Companies
According to Statistics Estonia, unemployed persons numbered 47,000 and the unemployment rate was 6.9% in the 2nd quarter of 2014. Employment increased compared to the 1st quarter, but decreased compared to the same quarter of the previous year. This shows that Estonia is gradually facing the consequences of declining labour force.
The registered unemployment rate in Latvia decreased 0.3 percentage points in July 2014 and currently stands at 8.6% of the economically-active population, according to the State Employment Agency's data, cites LETA.
As of end of June 2014, a total of 27,677 persons were registered as unemployed, writes LETA/Postimees Online.
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.