Labour Economics Of Lithuania

Labour Economics Labour Economics of Lithuania. Background of Lithuania. Gross Domestic Product. Geo Time 2003 2004 2005 2006 2007 2008 2009 2010 2011. EU 28 countries. EU 19 countries. Education and Workplace.

Let's analyse the data of the Unemployment in Lithuanian from 2003 to 2013. The data table represents Unemployment rate and the Percent Change of it. Let's visualize the data into the graph for better understanding.The blue line on the graph represents the unemployment rate in the county. From the graph we can assume that from 2003 to 2007 the unemployment rate were decreasing. It is a reflection of economy growth in Lithuania these years, which also affected the GDP growth that was analysed in the Gross Domestic Product paragraph before. From 2007 to 2010 unemployment become more serious problem because of the financial crisis. And in 2010 unemployment rate reached its peak with the rate of 17.812. By every year later unemployment was decreasing. /Compared with other EU countries Lithuania's situation is not that dramatic but still there is a lot of place for improvement. Also, The number of the population aged 15 years and over is 2.52 million, and 1.29 million of them were employed in 2013 [10]. Apart from this, government should do its best to create jobs and work programmes for young people and reduce crime rates. Moreover, the immigration of skilled workers actually helps the economy, as it supplies talents that are acquired, creates businesses and jobs and raises output.

"Lithuania's remarkable recovery" by Anders Åslund, BRUSSELS, 28. Nov 2011, euobserver.com/opinion/114419

"Lithuania gets first woman leader". BBC News. 18 May 2009. Retrieved 5 June 2011.