bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 31.05.2016 | Name days: Jūsma, Alīda

Eurostat: unemployment level in EU drops to 10.6%

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe seasonally adjusted level of unemployment in the European Union dropped to 10.6% this February, according to the latest data of Eurostat.

Unemployment in Eurozone, on the other hand, was 11.9% last December and has not changed in comparison with January.

According to the latest estimates on unemployment, it remains unchanged in Eurozone since October 2013.

Data from Eurostat shows that there were 25.92 million unemployed persons in the EU, including 18,965 million in Eurozone.

Compared to January, the number of unemployed persons in the EU has reduced by 65,000 and that of Eurozone has reduced by 35,000.

In comparison with the same month of 2013, the number of unemployed persons in the EU had reduced by 619,000 this February. The number of unemployed persons in Eurozone had reduced by 166,000 in February 2014.

This February, the highest level of unemployment was registered in Spain (25.6), Croatia (17.6%) and Cyprus (16.7%).

Unemployment in Greece was higher than that of Spain and had even reached 27.5%. However, in Greece’s case the latest data on unemployment is available for December 2013, not February 2014.

No data is available for Latvia and Estonia. Nevertheless, according to data available for Q4 2013, Latvia’s overall unemployment level was 11.6%.

The lowest level of unemployment in the EU can be found in Austria (4.8%), Germany (5.1%) and Luxembourg (6.1%).

Lithuania’s level of unemployment was 11.5% this February.

Ref: 103.109.109.8473


Leave a reply

Viewing of Lembergs’ case put off due to Sormulis not showing up in court

On Monday, 30 May, Riga Regional Court decided to put off the viewing of the so-called Lembergs’ criminal case until 6 June.

Saber Knight military exercises begin in Estonia

From 30 May to 9 June, Saber Knight brigade-level command military exercises organized by Danish division will be taking place in Tapa, Estonia. More than 120 soldiers from Latvia’s Infantry Brigade and other armed forces units will be taking part in those exercises.

Lithuania interested in importing Iranian natural gas

Lithuania has expressed readiness to import natural gas and crude oil from Iran, Iranian press reports.

Retail trade turnover grows by 1.8% in Latvia

Compared to April 2015, total retail trade turnover in Latvia rose by 1.8 % in April 2016. Retail trade in food products decreased by 0.4 %, whereas retail turnover in non-food products increased by 3.0 %.

Average wage growth in Latvia could be slower this year

In Q1 2016, average monthly gross wages and salaries in the country constituted EUR 827. As compared to Q1 2015, average wages and salaries grew by 5.3 %, moreover growth rate was lower than a year ago.

Aerodium opens an amphitheatre at the famous Shaolin Monastery

In cooperation with Chinese investors, Latvian Aerodium opens the world’s first flying amphitheatre. The Flying Dream wind tunnel is located in a unique place – in the middle of the Song Mountain not far from the Shaolin Monastery in China.

Estonia’s first packaging-free shop opened in Pärnu

In the south-western Estonian town of Pärnu, the country’s first bare product or packaging-free, grocery store has been opened, where customers should have their own jars, plastic bags and containers with them.

Standards & Poor’s affirms Latvia’s credit rating at A- level

International credit rating agency Standard & Poor’s affirms Latvia’s rating at A- level with a stable future outlook, reports the State Treasury.

Poland: Missile shield to pose no danger to Russia

The anti-missile system to be built in Poland by the U.S. would not be a threat to the security of Russia, stated Polish Foreign Minister Witold Waszczykowski on May 29.

SA: there are concerns about fair use of funds in the Data State Inspectorate

To secure functionality of the Data State Inspectorate, the government had allocated an additional amount of EUR 314,330 last year. However, the State Audit has failed to conclude that this amount was necessary and that it was effectively used to complete goals.

Kucinskis does not exclude the possibility of replacing Latvia’s Justice Minister

Since 2011, Latvia’s Justice Ministry has been managed by ministers from the National Alliance. Although the party denies that its politicians have been lobbying interests of insolvency administrators, it was not possible to reform the justice sector over the course of the years.

UN fears hundreds of migrants missing after shipwrecks in Mediterranean

The UN Refugee Agency has stated that up to 700 hundred people could have drowned on the migration route from North Africa to Italy as several crowded migrant boats sank last week.

Tragic fire at care home in Ukraine

A tragic fire has occurred in the village of Litochky, Ukraine, at an old people’s home taking the lives of 17 people.

Week in Lithuania. Lithuania eyes beef exports to Algeria

The Lithuanian and Algerian authorities are finalizing veterinary certificates for Lithuanian meat product exports to the North African country.

Economic Diary of Latvia. Under the sign of China and globalization

This week, Latvian Foreign Affairs Ministry held a discussion for experts dedicated to the Transatlantic Trade and Investment Partnership between the EU and USA.

FM: it is not possible to satisfy all requests from ministries in next year’s budget

Ministries are requesting at least EUR 400 million in the next year’s budget, but it is clear that it will not be possible to satisfy all requests, said Finance Minister Dana Reizniece-Ozola.

Russia extends its embargo on European products until the end of 2017

Moscow has decided to extend the embargo established on imports of agricultural products from EU member states and other western countries until the end of 2017, as announced Russian Prime Minister Dmitry Medvedev.

Weather in Latvia to become warmer at the end of May

May in Latvia will conclude with warm weather. Hot days are also expected. At the beginning of June, however, colder masses of air will enter Latvia again for a few days.

Construction costs down 1.2% in Latvia

Compared to March 2016, the level of construction costs in Latvia reduced by 0.7 % in April 2016. Prices of building materials decreased by 1.6 %, while labour remuneration of workers increased by 0.6 % and maintenance and operational costs of machinery and equipment – by 0.1 %.

Latvia’s population declines by 17.1 thousand during the year

At the beginning of 2016 in Latvia there were 1 million 969 thousand residents. In 2015, population number reduced by 0.86 % or 17.1 thousand persons, while in 2014 population number declined by 0.77% or 15.4 thousand.

Drunken Spanish tourist decides to strip in Old Riga

With weather gradually becoming warmer in Latvia, Riga municipal police receives more and more calls from the Video Surveillance Centre about suspicious people deciding to strip on the streets of Old Riga.

Cherry collective shopping portal shuts down

Latvian and Estonian-based e-commerce company Cherry Media will shut down on Friday, 27 May. All services bought on the portal until now are all bound by contracts and the majority of clients will not suffer losses.

EC calls for creation of virtual currency supervisory taskforce

The European Commission has to create a taskforce to combat the use of virtual currency, like Bitcoin, to launder illegally acquired funds and finance terrorism, noted the European Parliament in its resolution approved on Thursday, 26 May.

Revenue of Latvian Shipping Company increases in Q1 2016

The total revenue of JSC “Latvian Shipping Company” and its subsidiaries in Q1 of 2016 was USD 25.16 million, reaching an improved and stable net voyage result of USD 22.80 million in this period.

Obama visits memorial of Hiroshima nuclear attack

U.S. President Barack Obama has become the first sitting American president to visit Hiroshima, where at the end of World War II, U.S. forces took the lives of 140 000 people in the first ever nuclear bomb attack.

Newest comments