Posts tagged as unemployment

In August actual unemployment rate in Latvia was 8.6%, registered – 8.2%

Thursday, September 24, 2020

September 23 data of the Labor Force Survey conducted by the Central Statistical Bureau (CSB) show that in August 2020 actual unemployment rate comprised 8.6 %, which is 0.3 percentage points more than in July. Unemployment rate registered by the State Employment Agency (NVD) accounted for 8.2 %, and, compared to July, it has not changed. Unemployment rate increase may be observed also when comparing the data to the August of the previous year…

Lithuania’s unemployment hits 2020 high with 13.3 percent

Monday, August 17, 2020

Following several weeks of stability, registered unemployment in Lithuania reached 13.3 percent on Monday, according to the country’s Unemployment Service. The figure jumped from 12.8 percent on August 1. The number of registered unemployed people rose to 229,300 as of August 17, up from 221,000 two weeks earlier. Some 10.7 percent of those who have filed for unemployment since the start of the month worked in the retail sector, 10.4…

Concerns raised about unemployment rise in autumn

Saturday, July 18, 2020

The rise in the unemployment rate, which was particularly rapid in the first months of the COVID-19 crisis, has nearly stalled.  State Employment Agency (NVA) said July 17 it was likely that the trend could deteriorate again in autumn, with the end of seasonal jobs. In June this year, 95 thousand unemployed people were registered in Latvia. Although this is significantly more than before the COVID-19 crisis, the rapid rise…

Registered unemployment reaches 8.6% at end-June in Latvia

Thursday, July 9, 2020

The registered unemployment rate in Latvia amounted to 8.6% of the economically active population at the end of this past June, which is 0.2 percentage points more than at end-May, according to the State Employment Agency’s data. At the end of June 2020, a total of 78,266 unemployed were registered with the Employment Agency, which is 1,826 people more than in May when 76,440 unemployed were registered with the agency.…

Unemployment ‘improving’ in Lithuania, minister says

Wednesday, June 10, 2020

There are currently 200,000 people registered as unemployed in Lithuania, according to Social Security and Labour Minister Linas Kukuraitis. While the ranks of the unemployed swelled during the coronavirus epidemic, the situation is improving, he said. Data from the Employment Service show that the country’s registered unemployment rate now stands at 11.8 percent of the working-age population. The ranks of the unemployed have grown by 42,900 people, or 26.5 percent,…

Registered unemployment at 8.4% in May

Monday, June 8, 2020

Unemployment registered in Latvia was 8.4% at the end of May, according to data from the  State Employment Agency (NVA). The number of unemployed people registered in Latvia increased by 3.5 thousand, reaching 76.4 thousand. This means an increase of 0.4 percentage points. Unemployment has increased in all regions of Latvia. The largest remains in Latgale at 15.7%. Kurzeme follows with 8.9% and Vidzeme and Zemgale with 8%. The smallest…

Latvia: Unemployment at 9.2% in April

Monday, May 25, 2020

In April 2020, the unemployment rate in Latvia was 9.2%, which is 1.3 percentage points higher as compared to March, according to May 25 data from the Central Statistical Bureau (CSB). The unemployment rate registered in the State Employment Agency is 8%, with an increase of 1.2 percentage points compared to March. Compared to April 2019, rates increased by 2.7 percentage points for actual unemployment and 1.7 percentage points for…

Unemployment increase rate slows

Friday, May 22, 2020

The increase in the number of unemployed people has slowed down significantly over the past weeks, said Evita Simsone, director of the State Employment Agency (NVA) in an interview to Latvian Radio on May 22. The number of unemployed people has increased by 17 000 since the announcement of the state of emergency. “At the beginning of March, unemployment rate was 6.2% and we expected a seasonal decline in the…

Baltic countries are on the verge of state bankruptcy

By Lukas Ramonas on Wednesday, April 29, 2020

The coronavirus pandemic spreads throughout the world. And its victims are not only people, but also the economies of states. As it is known, the number of patients diagnosed with COVID-19 daily increases by 100-130 people in the Baltic countries. At the same time, the International Monetary Fund has predicted GDP decline in these states. According to the IMF forecast, the biggest recession is expected in Latvia. The fund forecasts…