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2015.08.24 09:20

Lithuania cuts unemployment by 1.8 percentage points since January

DELFI EN | The Lithuania Tribune2015.08.24 09:20

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.

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.

Unemployment rate in June was 8.5%, while in January, the it stood at 10.2%. The lowest unemployment rate was recorded in May when, according to statistics, 8.2% of Lithuanians were out of job.

Unemployment in Latvia was 9.9%, also an improvement since January when it stood at 10.3%.

The third Baltic state, Estonia, eshibited greatest stability of the three. Unemployment in the country was 6.5% in May, while in January, 6.9% of Estonians were unemployed.

Lithuania's southern neighbour Poland has also cut its its unemployment rate. According to the Eurostat, unemployment in Poland was 8.4% in January 7.7% in June.

The country with smallest unemployment in the European Union is Germany, where the rate stands at 4.7%. The Czech Republic is second with 4.9%.

The worst situation in terms of employment remains in Greece, where, according to the Eurostat, 25% of people were out of job in May. Spain, with 22.5% of the workforce not working, is second.

On average, unemployment in the 28 EU countries is 9.6%, an improvement of 0.4 percentage points since January. In the 19 eurozone countries, the average rate is 11.1%, while in January it stood at 11.5%.
 

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