Latvian employment rate in the 3rd quarter of 2017 the highest one recorded over the past two decades

15.11.2017

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that Latvian employment rate has increased by 1.8 percentage points over the year. In the 3rd quarter of 2017, Latvian employment rate was the highest one recorded during the two past decades – 63.6 %. Employment rate exceeding 63 % (constituting 63.1 %) was recorded only in the 2nd quarter of 2008.

In the 3rd quarter of 2017, in Latvia there were 903.0 thousand employed persons aged 15–74, which is 8.0 thousand more than a year ago.

Compared to the previous quarter of 2017, in the 3rd quarter employment rate rose by 1.0 percentage points, while the number of employed persons by 11.3 thousand. The most significant increase in the number of employed persons was recorded within the age groups 45–54 and 55–64 (5.8 thousand and 2.8 thousand, respectively).

Since the end of the 4th quarter of 2012, Latvian employment rate has been exceeding the European Union (EU) average indicator (59.8 % in the 2nd quarter of 2017), and in the 3rd quarter of 2017 it was equal to that registered in Lithuania (63.6 %), however lower than that recorded in Estonia (68.3 %).

Employment rate in the Baltic States and the European Union by quarter
(as per cent)

Data source: Eurostat database, data on the 3rd quarter of 2017 – Labour Force Surveys of Latvia, Lithuania and Estonia.

 

In the 3rd quarter of 2017, the employment rate among young people (aged 15–24) constituted 35.0 %, which is 2.5 percentage points higher than in the corresponding period a year before. The number of employed young people accounted for 62.1 thousand (60.9 thousand in the 3rd quarter of 2016).

In the 3rd quarter of 2017, persons employed in the main job worked on average 38.8 hours per week – 0.1 hours fewer than in the 3rd quarter of 2016.

The Labour Force Survey data show that, compared to the 3rd quarter of 2016, in the 3rd quarter of 2017 the share of employees receiving less than EUR 450.00 monthly (after taxes) fell to 38.9 % (a drop of 5.1 percentage points), while the proportion of employees receiving minimum monthly wage or less constituted 149.3 thousand or 18.7 % (reduction of 1.4 percentage points over the year).The share of employees receiving EUR 450.01–700.00 monthly rose by 1.9 percentage points (32.8 % in the 3rd quarter of 2017) and that of employees receiving EUR 700.01–1400.00 monthly increased by 3.1 percentage points (20.8 % in the 3rd quarter of 2017).In its turn, the proportion of employees receiving more than EUR 1400 monthly grew by 0.2 percentage points (2.7 % in the 3rd quarter of 2017).Wage or salary of 2.9 % of employees was not calculated or paid, while 1.9 % did not indicate the size of earnings thereof.

Employees by monthly net wages and salaries in the main job
(as per cent)

 

Q3 2016

Q2 2017

Q3 2017

Employees

100.0

100.0

100.0

up to EUR 450.00

44.0

39.2

38.9

of which employees receiving minimum monthly wage or less

20.1

18.9

18.7

EUR 450.01–700.00

30.9

31.8

32.8

EUR 700.01–1400.00

17.7

19.7

20.8

EUR 1400.01 and more

2.5

3.7

2.7

was not calculated or paid

3.5

3.4

2.9

not specified

1.4

2.2

1.9

Data source: Latvian Labour Force Survey

 

In the 3rd quarter of 2017, the Labour Force Survey covered 4.1 thousand households, in which 7.6 thousand persons aged 15–74 were interviewed.

More information on employment statistics 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.

As of the 3rd quarter of 2017, the quarterly indicators on employed persons by main kind of economic activity (NACE Rev.2) will not be published; only the annual statistics will be published.

 

 

 

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E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +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