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Friday, 17.01.2025, 00:36
In Q2, Latvian unemployment rate fell to 8.9%
In the 2nd quarter
of 2017, 86.6 thousand people aged 15–74 were unemployed, which is
7.9 thousand fewer than a year ago and 4.7 thousand fewer than in the
previous quarter.
The Latvian
unemployment rate exceeds the European Union (EU) average indicator (except for
the 1st quarter of 2015 when both rates were equal). In the 1st quarter
of 2017, Latvian unemployment rate (9.4%) was 1.1 percentage points above
the EU average (8.3%). In the 2nd quarter of 2017, Latvian
unemployment rate still was the highest among the Baltic states (7.0% in
Estonia and Lithuania).
Long-term unemployed persons
In the 2nd quarter
of 2017, the share of long-term unemployed persons, i.e., those who have been
without work for 12 months or longer, in the total number of unemployed persons
declined by 0.7 percentage points – from 40.3% in the 2nd quarter
of 2016 to 39.6% in the 2nd quarter of 2017. Over the
year, the number of long-term unemployed persons reduced by 4.0 thousand,
and in the 2nd quarter of 2017 it constituted 34.0 thousand.
Youth unemployment
In the 2nd quarter
of 2017, the youth unemployment rate constituted 16.5%, which is
2.4 percentage points lower than a year ago and 0.8 percentage points
lower than in the 1st quarter of 2017. Over the year, the
number of young unemployed persons reduced by 1.9 thousand, and, compared
to the 1st quarter of 2017, it went up by 1.0 thousand.
In the 2nd quarter
of 2017, out of the total number of unemployed persons, 12.8 thousand or 14.7%
were young people aged 15–24. Their share in the total number of
unemployed persons fell by 0.9 percentage points, whereas, compared to the
1st quarter of 2017, the indicator increased by
1.8 percentage points.
In the 2nd quarter,
42.9% of all young people were active, i.e., employed or actively seeking a job
(unemployed), while 57.1% of young people were inactive (mainly studying and
not seeking a job).
Inactive population
In the 2nd quarter
of 2017, 31.4% or 447.1 thousand people aged 15–74 were inactive. i.e.,
were neither employed nor actively seeking a job. Compared to the 1st quarter
of 2017, the inactive population declined by 11.1 thousand or 2.4%.
In the 2nd quarter,
16.3 thousand people or 3.7% of the inactive population were discouraged to
find a job (in the 2nd quarter of 2016 the indicator
constituted 4.3% and in the 1st quarter of 2017 – 4.4%).
In the 2nd quarter
of 2017, the Labour Force Survey covered 4.1 thousand households, in which 7.6
thousand persons aged 15–74 were interviewed.
More employment
statistics is available in the CSB database section Employment and Unemployment – Key Indicators. Results of the Labour Force Survey are published in the CSB database
section Employment and Unemployment.