Each fourth employed person in Latvia is at retirement or pre-retirement age
Data compiled by the Central Statistical Bureau (CSB) and published in the publication “Labour Force Survey: Key Indicators in 2018” show that over the past ten years the average age of employed people has risen by 2.4 years, constituting 43.7 years in 2018.
Breakdown of the statistics by economic activity shows the highest average age (49.9 years) of people employed in other service activities (that includes activities of membership organisations, repair of computers and personal and household goods and other personal service activities), arts, entrainment and recreation (49.6 years), as well as human health and social work activities (48.5 years) and education (48.2 years). The youngest employed, in turn, are working in agriculture, forestry and fishing (aged 36.8) sector.
Last year, almost one fourth of all employed people (23.3 %) were aged 55–74. It is the second highest share in the European Union (EU) where on average 19.4 % of the employed were at retirement or pre-retirement age. The highest indicator in the EU was registered in Lithuania (23.5 %), followed by Latvia and then Estonia and Germany (23.1 % in each), while the lowest in Luxembourg (10.8 %).
Females more often tend to work part-time
Out of the employed people, 8.1 % worked part-time – one tenth (10.8 %) of the employed females and 5.3 % of the employed males. Compared to the EU average where one third (32 %) of females and one tenth of males (9.7 %) worked part-time in 2018, the share of employed population of Latvia working part-time is smaller and tends to reduce. The main reason mentioned behind working part-time was inability to find a full-time job (29.4 %).
Managers and professionals have acquired higher education
Majority of the employed population consists of people having higher education (37.3 %), while one third (31.6 %) of the inactive population (unemployed, those not seeking employment) consists of people having basic education or lower. Results of the survey show that 71.7 % of managers and professionals have acquired higher education. Higher educational attainment allows working in higher positions or better salaried jobs. Correlation between educational attainment and earnings is also proven by the survey results – employed having higher education account for more than three fourths (79.5 %) of people in the highest wage category (receiving EUR 1400 and more), while in the lowest earnings category (receiving up to EUR 450) only one fifth (19.4 %) have acquired higher education.
Asking friends and relatives is the most popular method used to find work
In 2018, 72.8 thousand people in Latvia were unemployed, 41.7 % of them were long-term unemployed (were not able to find work for one year or longer). Asking friends and relatives was the most popular method used to find work and was used by more than three fourths (77.7 %) of the unemployed people. Compared to other Baltic states, this method is popular only in Latvia. In Lithuania, unemployed more often contacted state employment agency (78.8 %), while in Estonia studied advertisements in newspapers, journals, or Internet.
The collection of statistics summarises statistics for employment and unemployment that is based on the Labour Force Survey about population activity and situation on the labour market conducted by the CSB. Last year, Labour Force Survey questions about economic activity were asked to 29.1 thousand people aged 15–74 living in 16.3 thousand households.