Latvian unemployment rate has dropped down to 9.5 %

17.08.2016

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2016 unemployment rate in Latvia accounted for 9.5 %. Unemployment rate dropped by 0.8 percentage points over the quarter and by 0.3 percentage points over the year.

In the 2nd quarter, 94.5 thousand people aged 15–74 were unemployed – 2.6 thousand less than a year before (in the 2nd quarter of 2015 – 97.1 thousand) and 7.1 thousand less than in the previous quarter (101.6 thousand in the 1st quarter of 2016).

In the 1st quarter of the previous year, unemployment rate in Latvia was the same as the average in the European Union (EU) – 10.2 %, while in the 1st quarter of this year the Latvian indicator comprising 10.3 % exceeded the EU average (9.2 %) by 1.1 percentage points. However, Latvian unemployment rate still is the highest in the Baltic states; in the 2nd quarter of 2016 unemployment rate in Estonia accounted for 6.5 % and in Lithuania – for 8.0 %.

Unemployment rate in the Baltic states and on average in the European Union, per cent

Data source: Eurostat database, data on the 2rd quarter of 2016 – Latvian, Lithuanian and Estonian Labour Force Surveys.

Long-term unemployed persons

In the 2nd quarter of 2016, 40.3 % of the unemployed persons or 38 thousand unemployed have been without work for 12 months or more. During the year, the share of long-term unemployed persons has dropped by 2.7 percentage points, while, as compared to the 1st quarter – by 5.2 percentage points. As the number of unemployed persons decreased, the number of long-term unemployed persons fell as well – by 3.7 thousand.

Youth unemployment

In the 2nd quarter of 2016, youth unemployment rate accounted for 18.9 % – 3.7 percentage points more than a year ago and 3.9 percentage points more than in the 1st quarter. During the year, the number of young unemployed persons grew by 2.1 thousand and, compared to the 1st quarter of 2016, by 2.9 thousand.  Out of the total number of unemployed persons, 14.7 thousand or 15.6 % of unemployed persons were young people aged 15–24; the share thereof in the total number of unemployed persons has increased by 2.7 percentage points during the year and by 4 percentage points, compared to the 1st quarter. In the 2nd quarter, 40.7 % of all young people were active. i.e., employed or actively looking for a job (unemployed persons), while 59.3 % of young people were inactive (mainly studying and not seeking a job).

Inactive population

In the 2nd quarter of 2016, out of the persons aged 15–74, inactive population, i.e., persons neither employed not actively seeking a job, accounted for 31.7 % or 460 thousand. Compared to the previous quarter, number of inactive population has declined by 7.1 thousand or 1.5 %.

In the 2nd quarter of 2016, 19.7 thousand persons or 4.3 % of inactive population were discouraged to find a job. For comparison – in the 2nd quarter of 2015 the share of such inactive population accounted for 4.9 %, while in the 1st quarter of 2016 for 3.9 %.

In the 2nd quarter of 2016, Labour Force Survey covered 3.8 thousand households, in which 7.2 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:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] 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