Analytics, Covid-19, Employment, Latvia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 09:53
Covid-19: Riga and surrounding municipalities have seen steepest rise of unemployment
"This crisis is characterized by an impact that has hit the capital
city Riga and its surrounding municipalities especially hard," Simsone
said, adding that of all Latvia's regions the registered unemployment rate has
been growing at the fastest rate in Riga and surrounding municipalities - from
4% to more than 6%.
However, the eastern Latvian province of
Latgale still has the highest unemployment rate, with roughly 15% of the
province's population being jobless.
Simsone noted that in all Latvia the
registered unemployment rate exceeded 8.2% in May, with over 75,000 people
registered as jobless. Since the beginning of the state of emergency, the
jobless population has increased by 17,000 people and around 10,000 job
vacancies have disappeared.
The head of the State Employment Agency
noted though that unemployment growth had started slowing in recent weeks.
"While at the peak of unemployment growth the number of jobless people
rose by more than 1,000 a day, yesterday [May 21] the increase was below 100.
So the rate of increase has dropped significantly," Simsone said.
She said that the number of job vacancies
started to grow again in May, with more than 4,000 new vacancies registered
with the agencies during the past month. There are currently more than 17,000
job vacancies registered with the State Employment Agency.
The highest number of job vacancies has
been registered in agriculture, construction and manufacture, as well as in
wholesale and retail trade.
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