Unemployment

Increased household consumption and investment are increasingly driving economic growth in Lithuania - without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists.

Having joined the eurozone this year and successfully advertised its natural and urban wonders, Lithuania has become a new darling of international travel 'listicles'. Its brushed-up capital, ambitious start-ups and emerging foodie hotspots make many visitors wonder if this is really one of the poor...

Professional services firm Ernst & Young (EY) has published its latest economic forecast for the euro area. It is projected that Lithuania's GDP growth will stand at 2.1 percent in 2015 and 3.6 percent in 2016. Meanwhile, GDP growth in the euro area will stand at 1.6 and 1.8 percent respectively.

According to the latest statistics published by the Eurostat, Lithuania managed to cut its unemployment rate almost by two percentage points over the first six months of 2015. However, the rate increased by 0.3 percentage points from May to June.

Statistics Lithuania reports that, according to the Labour Force Survey data, in the second quarter of 2015, the unemployment rate stood at 9.4 percent.

Lithuania is a tiger in the European zoo. The future looks bright for a country that chose a totally different path from Greece. Investors and entrepreneurs take note!

Economist Dr.Zoltan Pogatsa believes that the Eurozone states of the former Eastern bloc have been duped by the major powers into firmly opposing Greece. They are being led to believe that Athens is damaging to their economies. It's all a deception, the Hungarian professional of political economy ar...

In April 2015, Lithuania's seasonally-adjusted unemployment rate stood at 8.9 percent with around 131,000 jobseekers, Eurostat, the statistical office of the European Union (EU), reports.

Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth - less detrimental to economic growth - are ...

In March 2015, Lithuania's seasonally adjusted unemployment level stood at 9.5 percent with 139 000 seekers in the country, Eurostat, the statistical office of the European Union, said.

There were better employment opportunities in March, as a 28.4 percent increase of job offers was recorded in Lithuania. The demand for fixed-term contracts grew particularly. More job proposals were registered for operators of mobile agricultural and forestry machinery, nursing specialists, painter...

In January 2015, Lithuania's seasonally adjusted unemployment accounted for 9.8 percent (144,000 people), Eurostat, the statistical office of the European Union, reports.

Lithuania's seasonally adjusted unemployment level stood at 9.4 percent in December 2014, Eurostat, the statistical office of the European Union, said.

Swedbank analysts say that Lithuania's labour market continues improving, even though rapid wage growth does pose some challenges. Looking ahead, slower employment growth and strong wage growth are expected.

The euro area seasonally-adjusted unemployment rate was 11.5 percent in September 2014, stable compared with August 2014, but down from 12.0 percent in September 2013, Eurostat, the statistical office of the European Union, informs.

In the second quarter of this year unemployment declined to 11.2% and was 1.2 percentage points lower than in the previous quarter. Youth unemployment, on the other hand, increased slightly to 21.3%. Long term unemployment declined to 5% and was 0.2 percentage points lower than in the first quarter.

In June 2014, the seasonally-adjusted unemployment rate in Lithuania stood at 10.5 percent, according to Eurostat, the statistical office of the European Union.

Even though Lithuania's economic growth rate surpasses that of other European Union member states, unemployment rate is higher than the regional average and, most importantly, it does not seem to be decreasing, notes economist Gitanas Nausėda.

Since the beginning of this year, youth unemployment in Lithuania has gradually declined. On 1 January, it stood at 6.2 percent, while on 1 July it went down to to 3.5 percent.