In 2015, number of unemployed persons in Latvia reduced by 9.5 thousand

23.02.2016

Data compiled by the Central Statistical Bureau (CSB) show that in 2015 98.2 thousand persons aged 15–74 were unemployed. Compared to 2014, the number of unemployed persons has decreased by 9.5 thousand or 8.8 %. Last year, unemployment rate in Latvia accounted for 9.9 % – 0.9 percentage points less than in 2014. Unemployment rate among women still is lower than among men (8.6 % and 11.1 %, respectively).

Compared to the 3rd quarter, in the 4th quarter of 2015 unemployment rate has increased by 0.1 percentage point and comprised 9.8 %. In the 4th quarter of 2015, 98.1 thousand persons aged 15–74 were unemployed – an increase of 1.2 thousand or 1.2 % over the 3rd quarter.

Since the 2nd quarter of 2014, unemployment rate in Latvia differs from the average European Union (EU) indicator only slightly, while in the 1st quarter of 2015 it was the same as the EU average (10.2 %). In the 3rd quarter of 2015, unemployment rate was 0.7 percentage points above the EU average (9.0 %). Since the 3rd quarter of 2015, Latvia has the highest unemployment rate among the Baltic States (in the 4th quarter of 2015 unemployment rate in Estonia constituted 6.4 %, and for 8.8 % in Lithuania).

Unemployment rate in the Baltic States and on average in the European Union, %

Data source: Eurostat database, for data on the 4th quarter of 2015 – Labour Force Survey in Latvia, Lithuania and Estonia.

Long-term unemployed

In 2015, the number of long-term unemployed persons, who have been seeking a job for 12 months or more, dropped from 46.1 thousand in 2014 to 44.5 thousand in 2015. As reduction of the total number of unemployed persons was faster than reduction of long-term unemployed persons, the share of long-term unemployed in the total number of unemployed persons even grew (in 2014 – 43.0 %, in 2015 – 45.5 %).

In the 4th quarter of 2015, the share of long-term unemployed persons in the total number of unemployed persons accounted for 44.7 %. Compared to the 3rd quarter, it has declined by 5.9 percentage points. In the 4th quarter of 2015, there were 43.6 thousand long-term unemployed persons, and in the 3rd quarter – 48.5 thousand.

Youth unemployment

In 2015, youth unemployment rate comprised 16.3 % – 3.3 percentage points less than a year before (in 2014 – 19.6 %). 13.5 thousand or 13.8 % of the total number of unemployed persons were aged 15–24. Over the year, the number of unemployed young people has dropped by 3.3 thousand, and the share thereof in the total number of unemployed persons has decreased by 1.9 percentage points.

In the 4th quarter of 2015, the youth unemployment rate accounted for 19.0 % – a rise of 2.8 percentage points over the 3rd quarter. The number of young unemployed persons increased by 3.8 thousand and reached 16.6 thousand or 16.9 % of the total number of unemployed persons (in the 3rd quarter – 12.8 thousand or 13.2 %). In the 4th quarter of 2015, 44.6 % of all young people were active, i.e. employed or actively seeking a job (unemployed), whereas 55.4 % of the youth were inactive – mainly still studying and not seeking a job.

Since 2013, the youth unemployment rate in the Baltic States has been below the average of the EU. The lowest youth unemployment rate was recorded in Estonia – in 2015 it accounted for 13.1 %, while in Latvia and Lithuania – 16.3 %.

Youth unemployment rate in the Baltic States and on average in the European Union, %

Data source: Eurostat database, for data on the 4th quarter of 2015 – Labour Force Survey in Latvia, Lithuania and Estonia.

Inactive population

Inactive population

In 2015, 32.5 % or 478.4 thousand persons aged 15–74 were inactive, i.e., neither employed, nor actively seeking a job. Compared to the previous year, the number of inactive population has decreased by 25.1 thousand or 5 %.

In the 4th quarter of 2015, 466.6 thousand or 31.9 % persons aged 15–74 were inactive. Compared to the 3rd quarter, the number of inactive population has decreased by 4 thousand or 0.8 %.

In 2015, 22.8 thousand or 4.8 % of inactive population were discouraged to find a job (in 2014 – 26.6 thousand or 5.3 %). In the 4th quarter of 2015, the number of inactive persons, who were discouraged to find a job, accounted for 20.4 thousand or 4.4 % (in the 3rd quarter of 2015 – 23.5 thousand or 5 %).

In 2015, the Labour Force Survey covered 15.8 thousand households, in which 30.3 thousand persons aged 15–74 were interviewed.   Whereas in the 4th quarter of 2015, the survey covered 3.8 thousand households, in which 7.2 thousand persons aged 15–74 were interviewed.

More information on employment statistics is available in CSB database sectionEmployment and Unemployment. Results of the Labour Force Survey are published in CSB database section "Employment and unemployment" (Short term statistics data and Annual statistics data).

 

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel.: + 371 67366924, + 371 67366621, + 371 27880666
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More information on data:
Zaiga Priede
Employment Statistics Section
E-mail: Zaiga [dot] Priede [at] csb [dot] gov [dot] lv
Tel.: + 371 67366886