International Internet Magazine. Baltic States news & analytics
Friday, 24.03.2017, 23:54
In an effort to facilitate the entry of skilled foreign labor into Lithuania, the government on Wednesday recognized professional experience as an alternative to higher education qualifications, reports LETA/BNS.
Keyword tags: Labour-market, Lithuania
In February 2017, Latvia’s registered unemployment rate decreased by 0.1 percentage points (ppt) to 8.4%, according to information released by the State Employment Agency writes LETA.
Seasonally non-adjusted data of the Central Statistical Bureau (CSB) show that,compared to the 4th quarter of the previous year, in the 4th quarter of 2016 hourly labour costs rose by 51 cents or 7.3%, reaching 7.46 euros.Seasonally adjusted data, in turn, show that labour costs increased by 7.8%.
During the fourth quarter of last year, Latvia recorded the second fastest annual drop in employment among the European Union’s member states, according to the latest Eurostat data.
According to Statistics Estonia, there were nearly 9,000 job vacancies in the enterprises, institutions and organisations of Estonia in the 4th quarter of 2016. Compared to the 3rd quarter, when the number of job vacancies reached a 7-year high, in the 4th quarter, the number of job vacancies decreased by 18%. Compared to the 4th quarter of 2015, the number of job vacancies increased by 37%.
Statistics Lithuania informs that in IV quarter 2016, against the same quarter of 2015, labour costs per hour worked in industrial, construction and service enterprises (including individual enterprises), calendar adjusted, increased by 10.7%, of which in business enterprises – 10.6%.