Unemployment in Lithuania

Lithuania Unemployment | Economic News & Forecasts

Lithuania - Unemployment

Domestic demand appears to have maintained momentum in the second quarter following a robust start to the year. Data for Q2 shows that retail sales were sturdy in both April and May, amid seemingly solid household consumption growth driven by an increasingly competitive labor market and gradually easing inflationary pressures. Strong wage growth in Q2 came against the backdrop of lower unemployment and still-increasing participation rates. A further tightening of conditions is likely in the coming months on the back of a projected increase in labor shortages. The external sector, however, continued to show signs of a slowdown in the second quarter: Export growth has stalled since February amid the slowdown across the EU and cooling demand from Lithuania’s key trading partners, namely Germany, Russia and Poland.

Lithuania - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.4  11.1  8.8  7.6  6.7  

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Lithuania Unemployment Chart

Lithuania Unemployment
Note: Unemployment in % of active population.
Source: Statistics Lithuania.

Lithuania Facts

Bond Yield1.200.0 %Aug 07
Stock Market7140.45 %Aug 07

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