In 2016, unemployment rate in Latvia was still reducing

21.02.2017

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 95.3 thousand persons aged 1574 were unemployment in 2016. Compared to 2015, the number of unemployed persons has declined by 2.9 thousand or 3.0 %. In 2016, Latvian unemployment rate constituted 9.6 %; it was 0.3 percentage points lower than in 2015. The unemployment rate among females still was lower than that among males – 8.4 % and 10.9 %, respectively.

Compared to the 3rd quarter, in the 4th quarter of 2016 the unemployment rate dropped by 0.2 percentage points and constituted 9.3 %. In the 4th quarter, 90.8 thousand persons aged 15–74 were unemployed – 3.6 thousand or 3.8 % less than in the 3rd quarter.

Even though Latvian unemployment rate keeps reducing, it still slightly exceeds the European Union (EU) average. In the 3rd quarter of 2016, the Latvian unemployment rate (9.5 %) exceeded the EU average (8.2 %) by 1.3 percentage points. In the 4th quarter, the Latvian unemployment rate still was the highest among the Baltic states, compared to 6.6 % in Estonia and 7.6 % in Lithuania.

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

Data source: Eurostat database, the data on the 4th quarter of 2016 –   the Labour Force Surveys of Latvia, Lithuania and Estonia

Long-term unemployed persons

In 2016, 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 fell by 4 percentage points – from 45.5 % in 2015 to 41.5 % in 2016. Over the year, the number of long-term unemployed persons declined by 5 thousand, and in it accounted for 39.5 thousand.

In the 4th quarter of 2016, the share of long-term unemployed in the total number of unemployed persons constituted 38.2 %. Compared to the 3rd quarter of 2016, their number has decreased by 3.4 percentage points. In the 4th quarter there were 34.5 thousand long-term unemployed persons and in the 3rd quarter – 39.3 thousand.

Youth unemployment

In 2016, youth unemployment rate constituted 17.3 %; it was 1 percentage point higher than a year ago (16.3 % in 2015). Out of the total number of unemployed persons, 13.0 thousand or 13.6 % were young people aged 15–24. Over the year, the number of young unemployed persons dropped by 0.5 thousand, and their share in the total number of unemployed persons fell by 0.2 percentage points.

In the 4th quarter of 2016, the youth unemployment rate constituted 15.8 %; it was3.5 percentage points lower than in the 3rd quarter. The number of young unemployed persons declined by 3.7 thousand and comprised 10.9 thousand or 12.0 % of the total number of unemployed persons (14.6 thousand or 15.5 % in the 3rd quarter).

Since 2013 the Latvian youth unemployment rate has been lower than the EU average. In 2015, the Latvian youth unemployment rate (16.3 %) was 4 percentage points lower than the EU average (20.3 %). In the 4th quarter of 2016, the Latvian youth unemployment rate still was the highest among the Baltic states, compared to 13.4 % in Estonia and 14.5 % in Lithuania.

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

Data source: Eurostatdatabase, the data on the 4th quarter of 2016 – Labour Force Surveys of Latvia, Lithuania and Estonia

In the 4th quarter of 2016, 37.4 % of all young people were active, i.e., employed or actively seeking a job (unemployed), whereas 62.6 % of the young people were inactive (mainly studying and not seeking a job).

Inactive population

In 2016, 31.8 % or 461.7 thousand persons aged 15–74 were inactive. i.e., were neither employed nor actively seeking a job. Compared to the year before, the inactive population has declined by 16.7 thousand or 3.5 %. In the 4th quarter, 32.0 % or 461.6 thousand persons aged 15–74 were inactive. Compared to the 3rd quarter, the inactive population has increased by 3.7 thousand or 0.8 %.

In 2016, 20.2 thousand persons or 4.4 % of inactive population were discouraged to find a job (22.8 thousand or 4.8 % in 2015). In the 4th quarter, the number of such inactive population accounted for 23.5 thousand or 5.1 % (19.3 thousand or 4.2 % in the 3rd quarter of 2015).

In 2016, the Labour Force Survey covered 15.8 thousand households, in which 29.8 thousand persons aged 15–74 were interviewed. In the 4th quarter of 2016, the Labour Force Survey covered 4 thousand households, in which 7.6 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 (Short term statistical data and Annual statistical data).

 

Media requests:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366621, +371 27880666
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More information on data:
Sandra Ceriņa
Employment Statistics Section
E-mail: Sandra [dot] Cerina [at] csb [dot] gov [dot] lv
Phone: +371 67366653