CHANGES OF LITHUANIA’S LABOUR MARKET IN THE PERIOD OF 2008-2016
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Abstract
This article analyses theoretical aspects of the Lithuanian labour market, the segmentation of human resources, employment and the determinants of unemployment. It looks at measures of active market policy aimed at the efficient use of labour resources: the working age population, non-participants in the labour market, increasing work activity and reducing unemployment.
The article presents a survey of the changes in Lithuania’s labour market between 2008 and 2016, revealing the causes of any negative trends. Changes in the country’s economy severely affected socially offending labour market participants, with youths and unskilled employees concerned. Unemployment in Lithuania is structurally unfavorable, mainly consisting of low-skilled or unskilled people who are not prepared for competing in the labour market, have no job skills or have lost contact with the market. However, a strong positive trend in the country’s labour market was also identified in the form of a decrease in youth unemployment. As unemployment among this segment of the population has a significant negative economic and social impact, it is important to maintain positive developments here in the future.
The results of the survey aided an evaluation of changes and the outlook for future prospects in the Lithuanian labour market. The employment rate and average annual unemployment forecast for 2017 and 2018 indicated that employment should continue to rise, with this figure expected to reach 70.84% in 2018. The unemployment rate is, meanwhile, expected to decline, with the number of unemployed reaching 123.96 thousand in 2018.
The article presents a survey of the changes in Lithuania’s labour market between 2008 and 2016, revealing the causes of any negative trends. Changes in the country’s economy severely affected socially offending labour market participants, with youths and unskilled employees concerned. Unemployment in Lithuania is structurally unfavorable, mainly consisting of low-skilled or unskilled people who are not prepared for competing in the labour market, have no job skills or have lost contact with the market. However, a strong positive trend in the country’s labour market was also identified in the form of a decrease in youth unemployment. As unemployment among this segment of the population has a significant negative economic and social impact, it is important to maintain positive developments here in the future.
The results of the survey aided an evaluation of changes and the outlook for future prospects in the Lithuanian labour market. The employment rate and average annual unemployment forecast for 2017 and 2018 indicated that employment should continue to rise, with this figure expected to reach 70.84% in 2018. The unemployment rate is, meanwhile, expected to decline, with the number of unemployed reaching 123.96 thousand in 2018.
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Articles
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Authors retain copyright of their work, with first publication rights granted to the Association for Learning Technology.
Authors retain copyright of their work, with first publication rights granted to the Association for Learning Technology.
