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Updated Labour Market Perspectives

Date

2007 11 27

Rating
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Vilnius, November 27. The Ministry of Finance, taking into consideration the updated labour market projections by the Ministry of Social Security and Labour, amends the growth perspectives for the average monthly gross earnings and the average annual number of the employed population.

For 2008 the annual monthly gross earnings growth perspective is increased from 15.1 per cent to 18.7 per cent, i.e. to the level of LTL 2,137. Earnings growth perspective for 2009-2010 is not changed, however, due to a more accelerated growth of earnings in 2008, the level of earnings in 2009 and 2010 will make up LTL 2,298 and LTL 2,463, respectively.

Taking into consideration the number of the employed population in the 2nd quarter 2007, the growth projection for the average annual number of the employed population for 2007 is increased by 0.5 percentage point up to 2.6 per cent, and it represents 1,534 thousand of the employed. The growth perspective for the number of the employed for 2008-2010 is not changed, however, due to a more accelerated growth of the employed in 2007, the number of the employed in 2008-2010 will make up 1,538 thousand (in 2008) and 1,539 thousand (in 2009-2010).

 

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