International Internet Magazine. Baltic States news & analytics
Saturday, 25.02.2017, 08:47
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 95.3 thousand persons aged 15–74 were unemployment in 2016. Compared to 2015, the number of unemployed persons has declined by 2.9 thousand or 3.0 %. In 2016, Latvian unemployment rate constituted 9.6 %; it was 0.3 percentage points (ppt) lower than in 2015. The unemployment rate among females still was lower than that among males – 8.4% and 10.9%, respectively.
Keyword tags: Analytics, EU – Baltic States, Labour-market, Latvia, Statistics
A simultaneous decrease in unemployment rate and number of employed at the end of 2016 may seem illogical, yet only at a first glance. In fact, the situation in the labour market continues to improve according to expectations.
A tax reform that is being planned for Latvia could be based on increasing capital gains tax and reducing labor taxes, reports LETA/BNS.
he European Commission said in its annual analysis published on Wednesday that while Estonia has one of the best performing labor markets in the European Union, but its declining working-age population and the continuing increase of labor costs per worker might reduce the country's competitive ability, reports LETA/BNS.
The new Lindstrom workwear plant in Latvia’s central Tukums town currently employs 100 people, but by the end of the year the number of employees will be increased to 120, Lindstrom group president and CEO Juha Laurio told LETA.
According to Statistics Estonia, in 2016, the unemployment rate was 6.8%, the employment rate 65.6% and the labour force participation rate 70.4%. Within a year, 8,300 additional people entered the labour market, which mainly results from the decrease in the number of inactive persons. Compared to 2015, the number of inactive people in the labour market has decreased by 9,700 persons.
Lithuania's beer market leader Svyturys -Utenos Alus, which is part of Carlsberg, one of the world's largest beer groups, will sack 20 employees out of the 57 in Klaipeda. The company has breweries in Klaipeda and Utena, writes LETA/BNS.