Bank of Lithuania
Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania
2021-10-18

Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania

Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania
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This paper provides empirical evidence on the impact of Covid-19 on unemployment and underemployment in Lithuania. Based on the Labor Force Survey, we document the evolution of the unemployment rate using broader definitions that incorporate the underemployed and marginally attached workers. Our results show that, compared to previous recessions, Covid-19 had a milder impact on the Lithuanian labor market. Moreover, Lithuania fared reasonably well relative to other Eurozone countries. However, the data reveal a substantial increase in marginal workers and underemployment during 2020, with women, young workers and individuals in rural areas being most affected by the pandemic-induced recession.

Keywords: labor market statistics, labor force, unemployment.

JEL codes: E24, J21, J64

The views expressed are those of the author(s) and do not necessarily represent those of the Bank of Lithuania.

 

 

unemployment, labor market statistics, labor force