During the year, share of young unemployed persons has reduced by 11 percentage points
In the 2nd quarter of this year, in Latvia there were 17.6 thousand young unemployed persons, comprising 15.4% of the total number of unemployed aged 15-74. Labour Force Survey results compiled by the Central statistical Bureau of Latvia show that most (79.9%) of the youngsters were aged 20-24. Nevertheless unemployment of young people is reducing, it still is notably higher, as compared to the indicator in other age groups.
In Latvia, the highest young people (in the age group 15-24) unemployment rate in the total active population of youth was recorded in the 4th quarter of 2009; while since the beginning of 2010 it is gradually reducing, and in the 2nd quarter of 2013 it comprised 20.1% – 11 percentage points less than in the corresponding period of the previous year, 2.8 percentage points less than in the 1st quarter of this year, and 3.1 percentage points less than EU average (23.2%).
Unemployment rate in Latvia, as % of total active population in corresponding age group; 2nd quarter of 2013
Data source: results of Labour Force Survey
Unemployment rate in the Baltic States was below the EU average (23.2% in June) – 16.1% in Estonia, 20.1% in Latvia, and 20.3% in Lithuania (June data).
Unemployment rate of persons aged 15-24 in Baltic States and European Union, per cent
Data source: results of Latvia, Lithuania, and Estonia Labour Force Survey, European Union (EU-27) - Eurostat database.
According to the latest data of the Statistical Office of the European Union (Eurostat), the highest young people unemployment was recorded in Greece (58.7%, April data), Spain (56.1%) and Croatia (55.6%), as well as Portugal (41%) and Italy (39.1%, June data). Only in some countries (Germany and Austria) youth unemployment was lower than ten per cent.
One of the reasons behind the young people unemployment is their general education without professional qualification – slightly more than two thirds or 70.2% of youth had acquired secondary or lower education. Vocational education was attained only by 19.7% of young people, whilst higher education - only by 10.1%. Only slightly more than two fifths or 41.5% of all unemployed young persons had previous working experience, moreover 43.4% of them prior were employed in elementary occupations.
In the 2nd quarter, there were 889 thousand employed persons or 57.9% of the population aged 15-74; 69.8 thousand (29.6% of the total youngster number) of them were young people aged 15-24.
Within the framework of the Labour Force Survey 4.1 thousand households were surveyed and 7 thousand persons aged 15-74 years were interviewed.
More information on the Labour Force Survey results and methodology is available in the CSB database.
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