The Baltic Times

Eurostat: LT unemployment above EU average

  • 2009-01-30
  • TBT Staff in cooperation with BNS
VILNIUS - A recent report from Eurostat, the European Union's statistics agency, has found that Baltic unemployment rates have risen above the EU average.

Lithuania and Latvia's unemployment rate has nearly doubled over the course of the past year. The report found that now all three Baltic states have unemployment rates above the EU average -- a significant turnaround from when the economies were booming and unemployment was virtually non-existent.

Unemployment in Lithuania was 8 percent in Dec, climbing above the 7.4 EU average, Eurostat data showed. The other two Baltic countries had even higher unemployment rates, with 10.4 percent in Latvia and 9.2 percent in Estonia.

Spain was the only country to have higher unemployment in December than Latvia, with 14.4 percent unemployment. Lowest unemployment levels were in the Netherlands with 2.7 percent, and Austria with 3.9 percent.



 

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The Baltic Times is an independent monthly newspaper that covers latest political, economic, business, and cultural events in Estonia, Latvia and Lithuania. Born of a merger between The Baltic Independent and The Baltic Observer in 1996, The Baltic Times continues to bring objective, comprehensive, and timely information to those with an interest in this rapidly developing area of the Baltic Sea region. Read more... Our news analysis and commentaries provide readers with insight essential to understanding the three Baltic countries and their neighbors.

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