During the year, unemployment rate in Latvia has declined slightly

16.11.2016

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2016 unemployment rate in Latvia constituted 9.5 %. Over the quarter unemployment rate has not changed, but over the year the indicator has dropped by 0.2 percentage points.

In the 3rd quarter of 2016, 94.4 thousand people aged 15–74 were unemployed – 2.5 thousand fever than a year before and 0.1 thousand fewer than in a quarter before.

Since the 2nd quarter of 2015 Latvian unemployment rate was exceeds the European Union (EU) average rate. In the 2nd quarter of 2016, Latvian unemployment rate (9.5 %) exceeded the EU average indicator (8.6 %) by 0.9 percentage points. In the 3rd quarter of 2016, Latvian unemployment rate still was also the highest in the Baltic states (7.5 % in Estonia and Lithuania).

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

Data source: Eurostat database; data on the 3rd quarter of 2016 – Labour Force Surveys of Latvia, Lithuania and Estonia.

Long-term unemployed persons

In the 3rd quarter of 2016, 41.6 % or 39.3 thousand of all unemployed persons who have been without work for 12 months or longer. As the number of unemployed persons decreased, the number of long-term unemployed persons fell as well – by 9.2 thousand or 9 percentage points during the year, but, compared to the 2nd quarter of 2016, the number has increased by 1.3 percentage points.

Youth unemployment

In the 3rd quarter of 2016, youth unemployment rate accounted for 19.3 % – 3.1 percentage points higher than a year ago and 0.4 percentage points higher than in the 2nd quarter. During the year, the number of young unemployed persons has grown by 1.8 thousand, while, compared to the 2nd quarter, the number has reduced by 0.1 thousand.

In the 3rd quarter of 2016, out of the total number of unemployed persons, 14.6 thousand or 15.5 % were young people aged 15–24. During the year, the share thereof in the total number of unemployed persons has risen by 2.3 percentage points, and, compared to the 2nd quarter, it has diminished by 0.1 percentage points.

In the 3rd quarter, 40.3 % of all young people were active. i.e., employed or actively looking for a job (unemployed), while 59.7 % of young people were inactive (mainly studying and not seeking a job).

Inactive population

In the 3rd quarter of 2016, 31.6 % or 457.9 thousand persons of population aged 15–74 were inactive. i.e., were neither employed not actively seeking a job. Compared to the 2nd quarter, the number of inactive population has declined by 2.1 thousand or 0.5 %.

In the 3rd quarter, 19.3 thousand or 4.2 % of inactive population were discouraged to find a job. For comparison – in the 3rd quarter of 2015 the share of such inactive population accounted for 5.0 %, while in the 2nd quarter – for 4.3 %.

In the 3rd quarter of 2016, Labour Force Survey covered 4 thousand households, in which 7.4 thousand persons aged 15–74 were interviewed.

More information on Labour Force Survey results is available in the CSB database section Employment and Unemployment.

 

 

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