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Lithuania's Unemployment Rate Rises In Q4

Lithuania's unemployment rate increased in the fourth quarter after dropping in the previous quarter, data released by the Department of Statistics showed Friday.

The unemployment rate increased to 13 percent during the three months ended December from 12.3 percent in the third quarter. In the second quarter, the jobless rate was 13.2 percent.

The unemployment rate among youth, aged between 15 and 24, was 25.4 percent, lower than 27.5 percent recorded in the preceding quarter. Long-term unemployment rate, which refers to persons unemployed for one year or more, dropped to 6 percent in the fourth quarter from 6.2 percent during the three months ended September.

The total number of unemployed persons in the country increased to around 190,100 in the fourth quarter from 182,700 in the third quarter.

The employment rate for the fourth quarter, meanwhile, declined to 62.4 percent in the fourth quarter from 63.3 percent in the preceding quarter.

In the whole of 2012, Lithuania's unemployment rate was 13.2 percent, lower than 15.3 percent recorded in 2011, data showed.

by RTTNews Staff Writer

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