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Tuesday 19.09.2017 | Name days: Verners, Muntis

Latvia still has the highest unemployment level among Baltic States

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q2 2016 unemployment rate in Latvia accounted for 9.5 %. Unemployment rate had dropped by 0.8 percentage points over the quarter and by 0.3 percentage points over the year.

In Q2, 94.5 thousand people aged 15–74 were unemployed – 2.6 thousand less than a year before (in Q2 2015 – 97.1 thousand) and 7.1 thousand less than in the previous quarter (101.6 thousand in Q1 2016), according to data from the State Labour Survey carried out by the Central Statistical Bureau of Latvia.

In Q1 the previous year, unemployment rate in Latvia was the same as the average in the European Union (EU) – 10.2 %, while in Q1 this year the Latvian indicator comprising 10.3 % exceeded the EU average (9.2 %) by 1.1 percentage points. However, Latvian unemployment rate still is the highest in the Baltic states; in Q2 2016 unemployment rate in Estonia accounted for 6.5 % and in Lithuania – for 8.0 %.

In Q2 2016, 40.3 % of the unemployed persons or 38 thousand unemployed have been without work for 12 months or more. During the year, the share of long-term unemployed persons has dropped by 2.7 percentage points, while, as compared to the 1st quarter – by 5.2 percentage points. As the number of unemployed persons decreased, the number of long-term unemployed persons fell as well – by 3.7 thousand.

In Q2 2016, youth unemployment rate accounted for 18.9 % – 3.7 percentage points more than a year ago and 3.9 percentage points more than in the 1st quarter. During the year, the number of young unemployed persons grew by 2.1 thousand and, compared to Q1 2016, by 2.9 thousand.  Out of the total number of unemployed persons, 14.7 thousand or 15.6 % of unemployed persons were young people aged 15–24; the share thereof in the total number of unemployed persons has increased by 2.7 percentage points during the year and by 4 percentage points, compared to the 1st quarter. In the 2nd quarter, 40.7 % of all young people were active. i.e., employed or actively looking for a job (unemployed persons), while 59.3 % of young people were inactive (mainly studying and not seeking a job).

In Q2 2016, out of the persons aged 15–74, inactive population, i.e., persons neither employed nor actively seeking a job, accounted for 31.7 % or 460 thousand. Compared to the previous quarter, number of inactive population has declined by 7.1 thousand or 1.5 %.

In Q2 2016, 19.7 thousand persons or 4.3 % of inactive population were discouraged to find a job. For comparison – in Q2 2015 the share of such inactive population accounted for 4.9 %, while in Q1 2016 for 3.9 %.


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