Unemployment rate is gradually decreasing in Latvia

11.11.2015

Data of the Central Statistical Bureau (CSB) show thatin the 3rd quarter of 2015 unemployment rate in Latvia was 9.7%, which is 0.9 percentage points less as compared to the previous year. In the 3rd quarter of 2015, 96.9 thsd persons aged 15 - 74 years were unemployed, which is 8 thsd or 7.6% less than a year before. Compared to the previous quarter unemployment rate has declined by 0.1 percentage point.

If in the 1st quarter of 2015 unemployment rate in Latvia was equal to the average EU indicator (10.2%), then in the 2nd quarter of 2015 it slighly exceeded (by 0.3 percentage points) the average EU indicator (9.5%).

Unemployment rate in the Baltic States and on average in the EU, %

Data source: Eurostat, CSB Labour Force Survey

Long-term unemployed

In the 3rd quarter of 2015 the share of long-term unemployed persons who have been without work for 12 months or longer amounted to 50.6% of the total number of the unemployed. Over the year this indicator has grown by 7.9 percentage points (in the 3rd quarter of 2014 - 42.7%). Despite the fact that the total number of unemployed persons has decreased, the number of long-term unemployed persons has grown from 44.6 thsd in the 3rd quarter of 2014 to 48.5 thsd in the 3rd quarter of 2015.

Youth unemployment

In the 3rd quarter of 2015, 12.8 thsd  or 13.2% of the total number of unemployed persons were aged 15-24. Over the year, the number of unemployed youth has dropped by 6 thsd, and its share in the total number of unemployed persons has decreased by 4.7 percentage points. Youth unemployment rate was 16.2%, which is 5.2. percentage points less than a year before (in the 3rd quarter of 2014 - 21.4%). In the 3rd quarter of 2015, 39.9% of all people aged 15 - 24 were active, i.e. employed or seeking a job (unemployed). 60.1% of youth were inactive, mostly still studying and not seeking a job.

Inactive population

In the 3rd quarter of 2015 almost one third of the population (32% or 470.6 thsd) aged 15 to 74 years were inactive, i.e., neither employed, nor actively seeking a job. Compared to the 3rd quarter of 2014 the number of inactive population has decreased by 31.5 thsd or 6.3%.

In the 3rd quarter of 2015, 23.5 thsd or 5% of the inactive population were discouraged to seek a job. For comparison in the 3rd quarter of 2014 this share of inactive persons accounted for 5.3%, and in the 2nd quarter of 2015 - 4.9%.

Within the framework of the Labour Force Survey 3.8 thsd households were surveyed in the 3rd quarter of 2015, interviewing 7.2 thsd persons aged 15 -74.

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

 

More information:
Employment Statistics Section
Zaiga Priede
Tel. +371 67366886