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Monday 24.04.2017 | Name days: Nameda, Visvaldis, Ritvaldis
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Latvia has the lowest employment level among Baltic States

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q3 2016, there were 895.0 thousand employed persons or 61.8 % of the population aged 15–74 in Latvia.

During the year, the employment rate has grown by 0.4 percentage points, and the number of employed persons has decreased by seven thousand. Compared to Q2 2016, in the 3rd quarter the employment rate did not change, while the number of employed persons fell by 3.5 thousand. The most notable drop in the number of employed persons was recorded in transportation and storage, other service activities, agriculture, forestry and fishing, as well as construction, according to provisional data from the Central Statistical Bureau of Latvia.

Nevertheless since the end of 2012 the employment rate in Latvia exceeds the European Union (EU) average (58.9 % in Q2 2016), in Q3 2016 the indicator was the lowest among the Baltic states – 66.5 % in Estonia and 62.8 % in Lithuania.

In Q3 2016, employment rate among young people (aged 15–24) comprised 32.5 % – 1 percentage point lower than in the corresponding period a year ago. The number of employed young people accounted for 60.9 thousand (in Q3 2015 those were 66.5 thousand).

In Q3 2016, persons employed in the main job worked on average 38.9 hours per week – 0.4 hours fewer than in Q3 2015.

The data of the Labour Force Survey show that, compared to Q3 2015, in Q3 2016 the share of persons receiving small wages and salaries, i.e., less than 450.00 euros monthly, has declined by 44 % (reduction of 4.3 percentage points). The share of persons receiving minimum wage or less has dropped by 2.6 percentage points during the year (20.1 % in Q3 2016).

The share of employees receiving net wages and salaries amounting to 450.01–700 euros has increased by 2.3 percentage points (30.9 % in Q3 2016). The proportion of persons receiving 700.01–1400.00 euros grew by 3.4 percentage points (17.7 % in Q3 2016).

The share of persons receiving high wages and salaries, i.e., more than 1400 euros, has declined by 0.6 percentage points during the year (2.5 % in Q3 2016).

For 3.5 % of employees wage or salary was not calculated or paid, while 1.4 % of the employees refused to specify the size of the wage or salary thereof.

Ref: 102.109.109.5090


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