In the 1st quarter of 2017, Latvian unemployment rate constituted 9.4 %

22.05.2017

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2017 the Latvian unemployment rate constituted 9.4 %. Compared to the previous quarter, the unemployment rate increased by 0.1 percentage points, whereas, compared to the same period of the year before, the rate reduced by 0.9 percentage points.

In the 1st quarter of 2017, 91.3 thousand people aged 15–74 were unemployed, which is 10.3 thousand fewer than a year ago and 0.5 thousand more than in the previous quarter.

Over the five recent years, the Latvian unemployment rate has been exceeding the European Union (EU) average indicator (except for the 1st quarter of 2015 when both rates were equal). In the 4th quarter of 2016, Latvian unemployment rate (9.3 %) was 1.1 percentage points above the EU average (8.2 %). In the 1st quarter of 2017, Latvian unemployment rate still was the highest among the Baltic states (5.6 % in Estonia and 8.1 % in Lithuania).

Unemployment rate in the Baltic states and the European Union, %

Data source: Eurostat database, data on the 1st quarter of 2017 – Latvian, Lithuanian and Estonian Labour Force Surveys.

 

Long-term unemployed persons

In the 1st quarter of 2017, the share of long-term unemployed persons, i.e., those who have been without work for 12 months or longer, in the total number of unemployed persons declined. The drop constitutes 7.1 percentage points – from 45.5 % in the 1st quarter of 2016 to 38.4 % in the 1st quarter of 2017. Over the year, the number of long-term unemployed persons declined by 11.2 thousand, and in the first quarter of 2017 it accounted for 35.0 thousand.

Youth unemployment

In the 1st quarter of 2017, the youth unemployment rate constituted 17.3 %, which is 2.3 percentage points higher than a year ago and 1.5 percentage points higher than in the 4th quarter of 2016. Over the year, the number of young unemployed persons did not change, while, compared to the 4th quarter of 2016, the number went up by 0.9 thousand.

In the 1st quarter of 2017, out of the total number of unemployed persons, 11.8 thousand or 12.9 % were young people aged 15–24. Their share in the total number of unemployed persons rose by 1.3 percentage points, whereas, compared to the 4th quarter of 2016, the indicator increased by 0.9 percentage points.

In the 1st quarter, 37.0 % of all young people were active, i.e., employed or actively seeking a job (unemployed), while 63.0 % of young people were inactive (mainly studying and not seeking a job).

Inactive population

In the 1st quarter of 2017, 32.0 % or 458.2 thousand people aged 15–74 were inactive. i.e., were neither employed nor actively seeking a job. Compared to the 4th quarter of 2016, the inactive population declined by 3.4 thousand or 0.7 %.

In the 1st quarter, 20.3 thousand people or 4.4 % of the inactive population were discouraged to find a job. (in the 1st quarter of 2016 the indicator accounted for 3.9 % and in the 4th quarter of 2016 for 5.1 %).

In the 1st quarter of 2017, the Labour Force Survey covered 4.1 thousand households, in which 7.7 thousand persons aged 15–74 were interviewed.

More information on Labour Force Survey results is available in the CSB database section Employment and Unemployment – Key Indicators. Results of the Labour Force Survey are published in the CSB database section Employment and Unemployment.

 

 

 

Media requests:
Kalvis Pētersons
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +371 27880666
www.csb.gov.lv
www.twitter.com/CSB_Latvia
www.facebook.com/csplatvija

 

More information on data:
Zaiga Priede
Employment Statistics Section
E-mail: Zaiga [dot] Priede [at] csb [dot] gov [dot] lv
Phone: +371 67366886