VILNIUS - To promote growth, Lithuania’s labor market needs more efficiency and flexibility, says a report from Swedbank, reports LETA. Even though the increase in employment will ease some pressures, Lithuania has quite a low ratio of employment to total population, and unfavorable demographic tendencies will be diminishing Lithuania’s potential growth in the next few years.Overall unemployment was declining steadily last year; however, structural problems in the labor market remain pressing: long-term unemployment increased further and the youth unemployment rate remai...
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