Aleksejus Podpruginas | The Lithuania Tribune
Lithuania’s unemployment rate in August as in July, was in seventh place among the 27 countries of the European Union, reported 15min.lt on 1 October.
The unemployment rate in Lithuania in August compared with July, was down by 0.1 points to 12.9%, Eurostat said on Monday. Similar levels of unemployment remained in Slovakia (14.2%) and Bulgaria (12.5%).
This August , compared to August of the previous year, the unemployment rate fell by 2.1%, and it was the second highest reduction in unemployment in the entire European Union.
The most significant decline in unemployment was observed in Estonia. Estonia and Latvia though gives out only quarterly data. In Estonia, the unemployment rate in the second quarter of this year compared with the same period in 2011 decreased by 3.1 points – from 13.2% to 10.1%.
The unemployment rate among young people under 25 years old in August fell in Lithuania to 24.8% (in July it was 25.6%).
It seem that Lithuania has started to dig their way out from the hard financial crisis of the last year. Still, many people left Lithuania during the last year in order to find Jobs aboard. It will take time to get the financial and market situation better and to put Lithuania in the top of the European countries. But for now, the improvement has to continue in order to make a better future.
Edited by Neal Maloney