In the 4th quarter 900 thousand of population were employed

14.02.2014

In the 4th quarter of 2013 active population of Latvia was comprised by 1014.7 thsd people or 66.1% of country residents aged 15-74; males comprised 71.3%, while females – 61.5%. Labour Force Survey results compiled by the Central Statistical Bureau of Latvia show that, in comparison with the 4th quarter of 2012, active population has reduced by 2.2%, but compared to the 3rd quarter of 2013 - by 1.2%.

In the 4th quarter employed population of Latvia was comprised by 900.2 thsd people or 58.6% of country residents aged 15-74, which is less by 5.8 thsd than in the 3rd quarter. However, slight increase in the number of employed was observed compared to the 4th quarter of 2012, when there were 892.8 thsd or 57.2% of population employed in this age group. Only 4% of them did not work due to various reasons, e.g., vacation, illness, childcare leave, education or training. The number of employed persons includes 6.1 thousand people, which still having the status of unemployed were employed.

Share of females and males employed in the 4th quarter was identical (50%).

Employment rate in the Baltic States and European Union, per cent

Data source: Eurostat data base, for data on 4th quarter of 2013 - Labour Force Survey of Latvia, Lithuania and Estonia.

Within the framework of the Labour Force Survey also information on wages and salaries was acquired. Over a year share of employees receiving minimum wage or less has reduced, however, compared to the 4th quarter of 2012, slight increase was observed in wage groups 284.58–426.86 EUR (LVL 200.01–300.00) and 426.87–711.44 EUR (LVL 300.01–500.00).

Employees by monthly net (after taxes) wages and salaries in the main job, per cent

 

4th quarter of 2012

3rd quarter of 2013

4th quarter of 2013

Employees

100.0

100.0

100.0

Up to EUR 284.57

Up to LVL 200.00

32.6

27.9

28.8

 

Of which:

employees receiving minimum monthly wages and salaries or less1

19.3

16.7

16.8

EUR 284.58-426.86

LVL 200.01 – 300.00

26.0

27.6

28.0

EUR 426.87-711.44

LVL 300.01 – 500.00

24.6

27.3

27.0

EUR 711.45-1422.87

LVL 500.01 – 1000.00

9.8

10.0

9.7

EUR 1422.88 and more

LVL 1000.01 and more

1.6

1.8

1.6

Was not calculated or paid

2.5

2.5

2.0

Not specified

2.9

2.9

2.9

In the 4th quarter, the number of unemployed persons aged 15-74 comprised 114.4 thousand - 30 thousand persons less than a year ago, of which 20.5 thsd youth aged 15 to 24 which comprises almost one fifth of total number of unemployed. Total number of unemployed, compared to the 3rd quarter reduced by 5.3%. It is related to that youngsters after finishing their studies or during summer holidays indicated that they are unemployed and are ready to take up work, but in the 4th quarter part of them continued their studies.

Unemployment rate (share of unemployed persons in the total active population) in the 4th quarter accounted for 11.3%, and during the year it has dropped by 2.6 percentage points (in 4th quarter of 2012 - 13.9%). Share of unemployed youth among active youth in the 4th quarter was 21.7%, which is 0.1 percentage point less than a year ago and less by 5.9 percentage points than in the previous quarter.

Share of unemployed youth among total active youth is high, as only small part of youth is working and together with unemployed they form the number of economically active youth, against which share of unemployed is calculated. Majority of youth is still studying and is not looking for job, therefore, they are economically inactive.

Unemployment rate in the Baltic States and European Union, per cent

Data source: Eurostat database, for data on 4th quarter of 2013 - Labour Force Survey of Latvia, Lithuania and Estonia

In the 4th quarter the number of economically inactive persons aged 15 to 74 comprised 521.4 thsd and, compared to the corresponding period of 2012, this number has dropped by 0.3%.

Particular attention in this group should be given to the persons who are potential unemployed, but have been discouraged or do not know where and how to find a job. Survey results indicate that, during the reference quarter, discouraged persons accounted for 28.6 thousand or 5.5% of the inactive population. In comparison with the 4th quarter of 2012, their number has decreased by 3 thousand.

Within the framework of the Labour Force Survey, in the 4th quarter 4.4 thousand households were surveyed and 7.6 thousand persons aged 15-74 were interviewed.

More information on the Labour Force Survey results and methodology is available in the CSB database.

More information:
Zaiga Priede
Employment Statistics Section
Tel. +371 67366886

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1Net wages and salaries are calculated basing on the minimum gross wages and salaries. In 2012 and 2013 minimum monthly wages and salaries comprised EUR 284.57 (LVL 200).