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Lithuanian Unemployment rate 14.5% 22 May 2012

Statistics Lithuania informs that, according to the Labour Force Survey data, the unemployment rate in Lithuania for I quarter 2012 was 14.5%, which is by 0.6% more than in IV quarter 2011. In I quarter 2012, there were 230,900 unemployed persons in the country, which is by 8,800 (4%) more than in IV quarter 2011. 

Unemployment Chart

In I quarter 2012, the male unemployment rate was 16.5%, for females 12.4%. Compared to IV quarter 2011, the male unemployment rate increased by 1.1%, while for females it remained unchanged. In I quarter 2012, 130,800 men and 100,100 women were unemployed. 

In I quarter 2012, the long-term unemployment rate stood at 7.3% and was 0.2% higher than in IV quarter 2011. The number of long-term unemployed was 116,500, or every second (50.5%) unemployed person, which is 2,200 (1.9%) more than in IV quarter 2011. 

1.366 million persons working in Lithuania

In I quarter 2012, there were 1.366 million persons working in the country. Compared to IV quarter 2011, this figure dropped by 13,200 (1%). Over the quarter, the most noticeable decrease in the number of persons employed was observed in trade (11,100) and construction (9,600). 

In I quarter 2012, 659,900 men and 706,000 women were working. Compared to IV quarter 2011, the number of working men decreased by 17,100, while that of women increased by 3,800. 

In I quarter 2012, nine out of ten (90%) of the employed persons were working full-time. Men work full-time more than women – 92.5 and 87.7% respectively. 

In I quarter 2012, the employment rate of persons aged 15–64 was 61.2%; over the quarter, it decreased by 0.4%. The male (aged 15–64) employment rate stood at 61, the female one – at 61.3%. In I quarter 2012, compared to IV quarter 2011, the male employment rate dropped by 1.4%, while for females it grew by 0.5%. 

In I quarter 2012, the employment rate of the elderly (aged 55–64) was 51.1% and, compared to IV quarter 2011, dropped by 0.1%. 

In I quarter 2012, there were 1.122 million inactive persons aged 15 and older in the country, which is by 11,100 (1%) less than in IV quarter 2011. 

Youth unemployment down by 3.3% 

In I quarter 2012, compared to IV quarter 2011, the youth (aged 15–24) unemployment rate in the country decreased by 3.3% to 28.7%. 

In I quarter 2012, there were 35,900 unemployed persons aged 15–24; compared to IV quarter 2011, their number decreased by 6,300 (14.9%). In I quarter 2012, every thirteenth person aged 15–24 was unemployed. 

In I quarter 2012, there were 88,900 employed persons aged 15–24 in the whole economy; compared to IV quarter 2011, this figure dropped by 900. 83% of employed persons aged 15–24 were working full-time. 

In I quarter 2012, the youth (aged 15–24) employment rate was 19.8%; over the quarter it grew by 0.4%. In I quarter 2012, every fifth person aged 15–24 was employed.

In I quarter 2012, 324,900 (72.2%) persons aged 15–24 were not in the workforce. Of this number 92.4% were studying at schools of higher education, vocational or general schools.

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