Analytics, Baltic, Employment, Latvia, Statistics
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 18:04
In the 3rd quarter, Latvian unemployment rate constituted 8.4%
Compared to
the previous quarter, unemployment rate has dropped by 0.2 percentage
points, but during a year – increased by 2.4 percentage points.
In the 3rd quarter
of 2020 the number of unemployed persons aged 15–74 comprised
81.4 thousand, which is 22.5 thousand more than a year ago, but
2.1 thousand less than in the previous quarter.
Since the 2nd half
of 2014 the highest unemployment rate among Baltic states was registered in
Latvia, and only at the end of 2019 it was slightly lower than in Lithuania. In
the 3rd quarter unemployment rate in Latvia was lower than in
Lithuania (9.3%), but higher than in Estonia (7.7%).
Long-term unemployed persons
In the 3rd quarter
of 2020, compared to the corresponding period of the previous year, the number
of long-term unemployed persons (those who cannot find work for 12 months
or more) in the total number of unemployed persons reduced by
10.4 percentage points. During a year it has dropped from 37.0 to 26.6 %, but the number of
long-term unemployed persons has reduced by 0.3 thousand, and in the 3rd quarter
comprised 21.5 thousand.
Youth unemployment
In the 3rd quarter
of 2020, youth unemployment rate of young people (15–24 years) constituted
14.8%, which is 3.5 percentage points higher indicator than a year ago,
but 3.4 percentage points lower indicator than that recorded in the
previous quarter. During the year, number of young unemployed persons rose by
1.6 thousand and comprised 8.8 thousand.
In the 3rd quarter,
10.8% of unemployed were young people. Over a year, their share fell by
1.4 percentage points, but, as compared to the previous
quarter – by 2.8 percentage points.
In the 3rd quarter,
34.9% of all young people were active, i.e., employed or actively seeking a job
(unemployed), while 65.1% of young people were inactive (mainly studying and
not seeking a job).
Inactive population
In the 3rd quarter
of 2020, 29.9% or 414.9 thousand people aged 15–74 were inactive, i.e.,
were neither employed nor actively seeking a job. Compared to the 2nd quarter
of 2020, the number of unemployed persons dropped by 0.3 thousand or 0.1%,
but over a year – by 6.4 thousand or 1.5%.
In the 3rd quarter,
10.3 thousand people or 2.5 % of the inactive population were
discouraged to find a job. As compared to a year ago, this population accounted
for 3.5 %, but in the 2nd quarter – for 2.4%.
In the 3rd quarter,
Labour Force Survey questions about economic activity were asked to
7.2 thousand people aged 15–74 living in 4.1 thousand households.
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