Policy on youth employment and unemployment in Lithuania

Abstract

One of the most significant factors of social development index is the level of unemployment in a country. It is attributed to the most topical issues of the current period all over the world, including Lithuania. Having analyzed and generalized literature sources, it is possible to claim that unemployment inhibits social development of a person, reduces his/her participation and capacities, as well as enhances exclusion from the society. The global economic crisis that started in 2008 has considerably affected the global and Lithuanian the labour market. According to Lithuanian Exchange, unemployment rate in Lithuania is 9.8%, whereas youth unemployment reaches 18.2%. This is a rather high unemployment rate in the European Union (the EU). A complicated integration of the youth into the labour market painfully affects both the level and quality of the living standard of young people, as well as aggravates national macro-economic indicators and leads to social losses. The current article focuses on the issues of Lithuanian youth integration into the labour market.