Changes in the unemployment rate in III quarter 2009

Published: 21 December 2009 y., Monday

Statistika
Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand, which is by just 5 thousand more than in II quarter 2009, and the growth in the unemployment rate slowed down. In III quarter 2009, the unemployment rate stood at 13.8 per cent, which is by 0.2 percentage points more than in II quarter 2009. Over a year (III quarter 2009, against III quarter 2008), the unemployment rate grew 2.3 times. 

A rapid growth has been observed in the youth (aged 15–24) unemployment rate. In III quarter 2009, 53 thousand young people, or each tenth young person, were unemployed (a year ago, 26 thousand, i.e. twice less). 

The youth unemployment rate in III quarter 2009 reached 33.3 per cent. Over a quarter, the youth unemployment rate grew by 3.7 percentage points, a year ago – 2.2 times. The lowest youth unemployment rate (6.9 per cent) was recorded in II quarter 2007. 

Although the number of young unemployed persons a year ago, as compared with III quarter 2009, was twice as low (26 thousand), the number of young unemployed persons with higher education remained almost unchanged (7.4 and 7.8 thousand respectively). In I quarter 2009, the number of such unemployed made 2.8 thousand. In III quarter 2009, each fifth young person with higher, each seventh young person with secondary and each nineteenth young person with basic education was unemployed. 

The male unemployment rate has been growing faster than the female one. The male unemployment rate grew from 6 per cent in III quarter 2008 to 17.3 per cent in III quarter 2009 (2.9 times), while the female one – from 5.9 to 10.3 per cent (1.7 times). In II quarter 2009, the male unemployment rate stood at 16.7, the female one – at 10.4 per cent. A higher male unemployment rate was conditioned by a rapid decrease in the amount of work in industrial and construction enterprises and a subsequent decrease in the number of people working in such enterprises. 

In III quarter 2009, there were 1 million 424 thousand persons aged 15 and over working in the country; as compared with II quarter 2009, this figure remained almost unchanged (grew by 1.9 thousand, or 0.1 per cent), while over a year it dropped by 113.4 thousand, or 7.4 per cent. 

Over III quarter 2009, the number of persons working in agriculture, forestry and fishing grew by 7.1 thousand, trade – by 9 thousand, professional, scientific and technical activities – by 6.7 thousand. The number of persons working in other economic activities remained almost unchanged. 

The most marked decrease over a year was observed in the number of persons working in construction – from 167 to 117 thousand (by 30 per cent), accommodation and food service activities – from 43 to 36 thousand (16 per cent), manufacturing – from 262 to 223 thousand (15 per cent). 

In III quarter 2009, an increase was observed in the number of employees working not under an employment contract (fixed- or non-term), but under a verbal agreement. According to the estimates of Statistics Lithuania, in III quarter 2009, the number of such workers made 27 thousand, which is by 11 thousand more than in II quarter 2009. The largest share of such workers was recorded in manufacturing and agriculture (8 thousand in each), as well as in construction, trade and other sectors. 

In III quarter 2009, the employment rate stood at 60.4 per cent; over a quarter, it grew by 0.1 percentage points, while a year ago it was higher by 4.6 percentage points. In III quarter 2009, the male employment rate stood at 59.6, the female one – at 61.2 per cent. Over a year, the male employment rate dropped by 7.9, the female one – by 1.5 percentage points. 

Šaltinis: www.stat.gov.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

AB Bank SNORAS business loan portfolio has increased by 74 million Litas

On 30th April this year, AB Bank SNORAS business loan portfolio, in comparison to 31st December 2008, i.e. during the first four months of this year, grew by 74 million Litas or 3.8 per cent, while the business loan portfolio of the most banks operating in Lithuania was decreasing. more »

UK car sellers' pitch to the city

London's financial district, Canary Wharf is transformed into a giant car showroom. Dozens of manufacturers and dealers have flocked to this part of the city to show off their latest models. more »

Russia overtakes Spain, U.K. as largest ATM market in Europe

In the latest edition of its 2009 survey, "ATMs and Cash Dispensers Central and Eastern Europe," Retail Banking Research Ltd. says the 15 countries it has tracked in CEE have once again shown exceptional growth. more »

Another Five Winners of the Danske Bankas Monthly Scholarship Award have been Announced

During the draw another five winners of the Danske Bankas monthly Scholarship award (a one off payment to the amount of 250 litas) were announced. more »

Commission approves Swedish state guarantees for Volvo Cars

The European Commission has authorised, under the EC Treaty’s rules on state aid, plans notified by Sweden to provide guarantees that would enable Volvo Personvagnar to access loans from the European Investment Bank. more »

EU and Southern African countries sign interim deal

The European Union signed an interim Economic Partnership Agreement (EPA) today with Botswana, Lesotho and Swaziland. more »

EU previews jobs strategy

Commission proposes to immediately free up €19bn in earmarked funds to fight unemployment as recession takes its toll. more »

From 1 July 2009 Danske Bankas will introduce new fees for bank services and operations

Danske Bankas would like to inform all present and future customers that, as of 1 July 2009, the cash withdrawing fee from Danske Bankas' ATM network in Lithuania is to change. more »

Food labels revisited

One day not so far in the future, Europeans may be able to buy a loaf of bread knowing where the flour came from. more »

GM bankruptcy seen near

General Motors is getting closer to filing what would be the largest industrial bankruptcy in US history. more »