VILNIUS — Lithuania’s unemployment rate has hit 18.1 percent, 1.5 times more than a year ago, Statistics Lithuania reported.

Over the last year fiscal consolidation has squeezed the public sector and seen domestic demand plummet as people sought to cut expenses and jobs from their companies. A knock on effect from the smaller wages has seen massive cuts to the retail and manufacturing sectors in particular. The male population has also seen a [private_supervisor]greater increase in unemployment than women.

The figure puts the country in a slightly better position than Latvia and Estonia where unemployment sits at 20.4 and 19.8 percent respectively.

The Labor Exchange, the government’s employment agency, reported that the country only has 15.1 percent of the working population out of a job.

The discrepancy in statistics is due to the different measurements used. The Labor Exchange only counts those who have registered with it, assuming that the others are either working in the gray economy or have emigrated.

In the first quarter of 2010, 99,600 people were counted by Statistics Lithuania as being long term unemployed. This is an increase of 39 percent over the two quarters.

It is feared that a new wave of unemployment could trigger another downturn in the economy, but increasing external demand is also giving work to many in the transport and manufacturing industries. [/private_supervisor] [private_subscription 1 month]greater increase in unemployment than women.

The figure puts the country in a slightly better position than Latvia and Estonia where unemployment sits at 20.4 and 19.8 percent respectively.

The Labor Exchange, the government’s employment agency, reported that the country only has 15.1 percent of the working population out of a job.

The discrepancy in statistics is due to the different measurements used. The Labor Exchange only counts those who have registered with it, assuming that the others are either working in the gray economy or have emigrated.

In the first quarter of 2010, 99,600 people were counted by Statistics Lithuania as being long term unemployed. This is an increase of 39 percent over the two quarters.

It is feared that a new wave of unemployment could trigger another downturn in the economy, but increasing external demand is also giving work to many in the transport and manufacturing industries. [/private_subscription 1 month] [private_subscription 4 months]greater increase in unemployment than women.

The figure puts the country in a slightly better position than Latvia and Estonia where unemployment sits at 20.4 and 19.8 percent respectively.

The Labor Exchange, the government’s employment agency, reported that the country only has 15.1 percent of the working population out of a job.

The discrepancy in statistics is due to the different measurements used. The Labor Exchange only counts those who have registered with it, assuming that the others are either working in the gray economy or have emigrated.

In the first quarter of 2010, 99,600 people were counted by Statistics Lithuania as being long term unemployed. This is an increase of 39 percent over the two quarters.

It is feared that a new wave of unemployment could trigger another downturn in the economy, but increasing external demand is also giving work to many in the transport and manufacturing industries. [/private_subscription 4 months] [private_subscription 1 year]greater increase in unemployment than women.

The figure puts the country in a slightly better position than Latvia and Estonia where unemployment sits at 20.4 and 19.8 percent respectively.

The Labor Exchange, the government’s employment agency, reported that the country only has 15.1 percent of the working population out of a job.

The discrepancy in statistics is due to the different measurements used. The Labor Exchange only counts those who have registered with it, assuming that the others are either working in the gray economy or have emigrated.

In the first quarter of 2010, 99,600 people were counted by Statistics Lithuania as being long term unemployed. This is an increase of 39 percent over the two quarters.

It is feared that a new wave of unemployment could trigger another downturn in the economy, but increasing external demand is also giving work to many in the transport and manufacturing industries. [/private_subscription 1 year]

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