Over the year share of long-term unemployed in total unemployment has decreased
Results of the Labour Force Survey conducted by the Central Statistical Bureau1 show that in the first quarter of 2014 there were 118.7 thousand unemployed persons aged 15-74 in Latvia; of which 15.5 thousand or 13% were young people aged 15 – 24.
In the first quarter slightly more than two fifths (51.7 thsd. or 43.6%) of the unemployed in age group 15 to 74 years were long-term unemployed who are seeking job for 12 and more months. This share has dropped by 10.2 percentage points, as compared to the first quarter of 2013, and by 2.9 percentage points compared to the previous quarter.
Unemployment rate (share of unemployed persons in the total active population) in the first quarter accounted for 11.9%, and over the year it has dropped by 1.1 percentage points (in the 1st quarter of 2013 - 13.0%). As compared to the previous quarter it has increased by 0.6 percentage points (in the 4th quarter of 2013 - 11.3%). The share of young unemployed persons (aged 15-24) in the total number active youth in the first quarter was 18.2%, which is 4.7 percentage points less than a year ago (22.9%) and 3.5 percentage points less than in the previous quarter (21.7%).
The share of unemployed young people is high because there is a small amount of young people who work and together with the unemployed they comprise the total number of economically active youth, against which the share of unemployed is calculated. A large share of youth is still studying and not seeking job thus they are considered as economically inactive.
Unemployment rate in the Baltic States and European Union, per cent
Data source: Eurostat database, for data on the 1st quarter of 2014 - Labour Force Survey of Latvia and Estonia.
In the first quarter of 2014, there were 503.3 thsd. economically inactive persons aged 15 to 74 or a third (33.5%) of the Latvian population aged 15 - 74. As compared to both - the corresponding period of the previous year, and the previous quarter this share has decreased (in the respective periods it was 34.1% and 33.9%, accordingly).
Within the framework of the Labour Force Survey, in the 1st quarter of 2014, 4.6 thousand households were surveyed, interviewing 7.8 thousand persons aged 15-74. More information on the Labour Force Survey results and methodology is available in the CSB database.
Employment Statistics Section
Phone: +371 67366653
1 Starting with 2014, for the Labour Force Survey quarterly data generalisation purposes, the quarterly average number of residents in private households is used (earlier – data at the beginning of the year).
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