Unemployment in Lithuania

Lithuania has one of the fastest growing economies in Central and Eastern Europe. Its well-developed industrial base includes almost all sectors (machine, food, electronic, metal....) but despite all this advantages there are some negative things in Lithuania.
Large regional unemployment differences are one of the major problems of the Lithuanian labour market. The difference between the highest and lowest unemployment rates in different regions is nearly fivefold. Active measures aimed at stimulating labour market and enhancing employability in such regions, leading to reduction of regional disparities, is high on the agenda.
One of the most serious problems in Lithuania is unemployment. The economic decline, unemployment and poverty brought about homelessness. Majority of them does not have stable incomes or job. Unemployment is one of the most controversial and apparently contradictory themes in Lithuania. The growth of the global economy is leaving thousands of workers behind. Inequality, unemployment and poverty are the signs of this. Rapid technological change and heightened international competition are damaging job markets. That’s why the problem of unemployment has become a matter of national concern in our country in the last few decades.
The purpose of this work paper is to analyze unemployment growth, development of unemployment, show same statistic chart and to compare the wage levels, how they change during the year.
In Lithuania, prior to the Declaration of Independence from the former Soviet Union, the problem of unemployment was not officially recognized. However, unemployment started to rise sharply in the beginning of the 1990s, with a start of transition period to a market economy. The number of lay-offs was especially high during 1993 and 1994. According to Labor force surveys (LFS) conducted by Lithuanian Department of Statistics, by the end of 1995 unemployment rate had reached 17.1% as over 347 thousand people were out of job, 60% of them...

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