Results of survey on job vacancies in the 1st quarter of 2008

10.06.2008

According to the data of Central Statistical Bureau, the number of job vacancies at the end of the 1st quarter of this year has decreased up to 15.3 thsd vacancies, constituting 1.5% of all occupied and vacant jobs. At the end of the March of previous year this number comprised 2.1%, but at the end of December – 1.6%. At the end of the March of this year job vacancy rate in public sector represented 2.7% (at the end of the March 2007 - 3.2%, and at the end of December - 3.0%). If compared to the end of December of previous year, job vacancy rate in private sector has not changed (0.9%), but, compared to the end of the March of previous year, the rate forms reduction of 0.6 percentage points.

Compared to the end of the 1st quarter of 2007, the number of job vacancies at the end of the 1st quarter of this year decreased by 6.5 thsd job vacancies or by 29.8%. But in comparison with the end of the 4th quarter of 2007, the number of job vacancies has decreased by 1.5 thsd vacancies or by 8.8%, of which in public sector - by 1.2 thsd vacancies or by 11.8%, and in private sector - by 0.3 thsd vacancies or by 4.2%.

Number of job vacancies at the end of the quarter

 

Job vacancy rate at the end of the quarter, %

During a year the most notable decrease was observed in manufacturing – by 2.3 thsd vacancies (by 55.1%), in public administration – by 1.4 thsd vacancies (by 28.7%), and in trade – by 1.0 thsd vacancies (by 37.7%). But slight increase of job vacancies was recorded in financial intermediation, as well as, in transport, storage and communications sector – by 0.1 thsd vacancies.

To compare the number of job vacancies at the end of the 1st quarter of this year with the number of vacancies at the end of the previous year, it may be concluded that, the most notable decrease witnessed manufacturing – by 0.7 thsd vacancies (by 27.1%), public administration – by 0.5 thsd vacancies (by 12.3%), and construction – by 0.4 thsd vacancies (by 48.2%).

Number of job vacancies by major occupational groups at the end of the 1st quarter of 2008

The highest job vacancy rate among the major occupational groups had professionals, as well as, plant and machine operators and assemblers - 1.8%, and clerks – 1.7%

More detailed information on job vacancies, also in breakdown by economic activities and regions, may be found in the data bases of the CSB Web Page – www.csb.gov.lv, in the section – Occupied jobs and job vacancies, paid working hours.

Explanations

In accordance with the survey methodology, job vacancy is defined as a post for which no contract has been signed and no candidate chosen and the employer is taking active steps to find a suitable candidate from outside the enterprise, and which will be filled immediately or within 3 months. Job vacancy rate is calculated in per cent, by dividing the number of job vacancies by the total number of posts (occupied + vacant).

The public sector includes central and local government institutions and commercial companies with central or local government capital participation 50% and over, public organisations and commercial companies thereof.

Prepared by Wages Statistics Section
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Ervins Rekke