International Internet Magazine. Baltic States news & analytics
Wednesday, 01.10.2014, 08:58
The proportion of job vacancies in Latvia in the second quarter of 2014 was 0.4% of the total number of job vacancies in Latvia, which is the lowest indicator among all European Union (EU) countries that have provided information about their labor markets, the statistical office of the EU Eurostat reported on Tuesday.
Keyword tags: Analytics, Employment, EU – Baltic States, Labour-market
Data of Central Statistical Bureau show that at the end of the first half of 2014 there were 872.5 thsd occupied posts in the country, which is 2.2 thsd posts or 0.2% less than in the corresponding period of the previous year.
Data of the Central Statistical Bureau show that, compared to the 2nd quarter of 2013 hourly labour costs in the 2nd quarter of 2014 grew by 51 cents per hour or by 8.6%, reaching EUR 6.58.
The registered unemployment rate has decreased in all regions and largest cities of Latvia at end-August 2014, reports LETA, according to the State Employment Agency's data.
During the coming years, the Latvian national economy will face three major challenges in the labor market, according to the Economy Ministry's mid-term and long-term labor market forecasts, cites LETA.
According to Statistics Estonia, there were 7,600 job vacancies in the enterprises, institutions and organisations of Estonia in the 2th quarter of 2014. The number of job vacancies increased by 6.3% compared to the previous quarter and by 0.4% compared to the 2nd quarter of 2013.
By 2020, the number of persons employed will increase by 50,000, whereas the unemployment level will slip to 6.4%, according to the informative report on medium and long-term prognoses for the labor market by the Latvian Ministry of Economy (ME), cites LETA/Nozare.lv.