International Internet Magazine. Baltic States news & analytics
Monday, 29.08.2016, 06:36
Average gross monthly earnings in Lithuania's economy, excluding sole proprietorships, rose by 8.1 percent in the second quarter of 2016 compared with a year earlier to reach 771.9 euros, Statistics Lithuania information cites LETA/BNS.
Keyword tags: Analytics, Lithuania, Statistics, Wages
In the labour market, a lull has set in: there are practically no changes in either unemployment or employment. In the second quarter, the percentage of jobseekers among the economically active population (9.5%) was slightly (by 0.3 pp.) smaller than a year ago, whereas the number of the employed increased only symbolically year-on-year (by 0.3 th.). This confirms our projections that unemployment will continue to decrease ever slower with time (the cyclical component has been close to zero for three subsequent years, and, the lower the structural component is, the more difficult to reduce it further on). The impact of the demand side on inflation is thus not significant and inflation remains low. The impact of the drop in working age population on employment is thus far being compensated by an increase in the participation level.
In the second quarter of this year, 45.1% of employees in Latvia received up to EUR 450 in net monthly wage in their main job, which is a 3.8 percentage points reduction from the second quarter of 2015, the Central Statistics Bureau (CSB) reported.
As a result of reforming the teacher remuneration system, the earmarked subsidy for teachers' salaries will increase for about 88% of local governments in Latvia, informs LETA.
The Seimas committee in Lithuania ia proposes to introduce the requirement for foreigners setting up businesses in Lithuania to pay their employees at least two times the country's average monthly salary, informs LETA/BNS.
Statistics Lithuania presents a statistical publication Lithuania in Figures 2016. The bilingual (in Lithuanian and English) publication presents information on the economic and social development in Lithuania. Statistical information about the population, education, culture, health care, labour, industry, agriculture, construction, trade, transport, national accounts, etc. is presented in the tables, graphs and diagrams of the publication.
According to the results of a survey carried out by the Salary Information Agency, Estonian companies' employees are forecasting a 3.8-% rise in salaries by October, which means that the median net salary is to increase to 830 euros, reports LETA/BNS.