International Internet Magazine. Baltic States news & analytics
Friday, 13.12.2019, 16:31
According to Statistics Estonia, in the 3rd quarter of 2019, there were 11,892 job vacancies in the enterprises, institutions and organisations of Estonia. The number of job vacancies has remained above 10,000 since the 1st quarter of 2017.
Keyword tags: Analytics, Employment, Estonia, Labour-market, Statistics
Enefit SIA, a Latvian subsidiary of the Estonian state owned energy company Eesti Energia, terminated the contract of CEO Janis Bethers as member of the management board due to loss of confidence, informed LETA/BNS.
Even though the economy is slowing down, the unemployment level keeps declining, said Swedbank senior economist Agnese Buceniece.
At the end of September, there were 12,663 long-term unemployed people registered with the State Employment Service, which is 24.1% of Latvia's total unemployed population, according to the data released by the State Employment Service writes LETA.
Three factors are having a significant impact in the Estonian labour market this year, and these are the loss of momentum in growth in the economy, the loss of competitiveness in the oil shale sector, and the large number of foreign workers coming to work in Estonia for the short term. Even so the labour market has been in a very good position as overall labour shortages have been more of an issue than unemployment. Of all those aged 15–74, 68% were in employment, which is one of the highest figures in the European Union. Unemployment was only 5%, which is very low.
The number of foreign workers in Lithuania has almost doubled over the past year and is approaching 2% of the total workforce in the country, informed LETA/BNS.
Welcome remarks by Vytautas Vasiliauskas at the Economics conference Labour Market in the 21st Century:The Way Forward
Dear guests and distinguished speakers: A sincere ‘thank you’ for joining us at the yearly Lithuanian economics conference organised by the Bank of Lithuania.