Unemployment of young people in Latvia is reducing
Unemployment of young people is serious problem faced in Latvia, as unemployment among youth is notably higher than in other age groups, as it can be concluded basing on the Labour Force Survey results compiled by the Central Statistical Bureau of Latvia.
Unemployment rate in Latvia, as % of total active population in corresponding age group; 1st quarter of 2013
In the 1st quarter of 2013, in Latvia there were 21.5 thousand unemployed youngsters; the number accounted for 16.3% of the total number of unemployed persons aged 15-74. Most (85.4%) of these adolescents were aged 20-24.
The highest share of unemployed young people in total active population of youth (aged 15-24) in Latvia was recorded in the 4th quarter of 2009, while at the beginning of 2010 it gradually reduced till in the 1st quarter of 2013 it comprised 22.2% - 7.5 percentage points less, as compared to the corresponding period a year before.
One of the reasons behind unemployment of youth is their educational attainment – almost four fifths or 76% did not have qualification of educational attainment thereof was low, i.e., 38.2% of them had basic education (9 grades) or lower, while 37.8% had acquired general secondary (high school) education. 14.2% of the young people had acquired vocational education and only 9.8% of them had higher education. Only slightly more than two fifths or 46.4% of all young unemployed persons had previous work experience, moreover 43.9% of them were employed in elementary occupations.
Results of the Labour Force Survey conducted in the Baltic States show that, at the beginning of 2013, the highest share of unemployed juveniles in the total active population in the corresponding age group was recorded in Lithuania (24.8%), followed by Estonia (23.1%), and Latvia (22.2%).
Unemployment rate of persons aged 15-24 in the Baltic States and EU, per cent
Data of the statistical office of the European Union (Eurostat) show that the highest unemployment rate at the beginning of 2013 was observed in Greece and Spain (over 55%) as well as Portugal and Italy (38%). Only in several countries (Austria and Germany) unemployment rate of young people was under 10 per cent.
More information on the Labour Force Survey results and methodology is available in the CSB database.
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