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Country Report Lithuania Product Image

Country Report Lithuania

  • ID: 2138679
  • May 2015
  • Region: Lithuania
  • 25 Pages
  • The Economist Intelligence Unit

The year-on-year unemployment rate declined to 9.1% (unadjusted) in March 2015, from 10.8% in the same month of the previous year, according to Labour Exchange statistics.

The annual unemployment rate has been falling steadily, to 10.1% in the fourth quarter of 2014, after reaching a peak of 18.2% in the third quarter of 2010 in the midst of the global financial crisis. However, unemployment is falling at an increasingly slower pace and the level is still more than 5 percentage points above the pre-crisis rate of 2008. It also remains somewhat higher than the EU average; in February the harmonised annual rate stood at 10%, the tenth-highest level.

Falling unemployment in 2014 was accompanied by an annual increase of 2% in employment (the highest in a decade). Meanwhile, the labour force grew by a more subdued 0.8%-still high in the context of persistent net emigration and unfavourable demographics, with the Lithuanian population shrinking by 0.7% in 2014.

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Country Report Lithuania

Unemployment continues to fall
Impact on the forecast

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Note: Product cover images may vary from those shown


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