Labour market continued improving
Annual employment (15-64 years) grew by 0.6 pp
- Unemployment rate increased by 0.2 pp to 6.4%
- 78.4% of people, aged 15-64, were economically active in Q4, 2019
Solid economic expansion in 2019 fuelled the demand for labour – annual employment grew by 0.6 pp and was above expectations.
Even though unemployment has marginally increased - it does not seem as a sign of distress or weakening economic activity. The primary reason of increase in unemployment was growing economic activity rate. More than 78% of people aged 15-64 were economically active in Q4, 2019. Most of the employment growth comes from huge improvement in migration front both due to returning Lithuanians and increase of immigration from Belarus and Ukraine.
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Greta Ilekytė, +370 5258 22 75, email@example.com.
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