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Tuesday 25.04.2017 | Name days: Līksma, Bārbala
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Number of unemployed people in Latvia down 2,500 in 2016

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q3 2016 unemployment rate in Latvia constituted 9.5 %. Over the quarter unemployment rate has not changed, but over the year the indicator has dropped by 0.2 percentage points.

In Q3 2016, 94.4 thousand people aged 15–74 were unemployed – 2.5 thousand fever than a year before and 0.1 thousand fewer than in a quarter before, according to data from the Central Statistical Bureau of Latvia.

Since Q2 2015 Latvian unemployment rate was exceeds the European Union (EU) average rate. In Q2 2016, Latvian unemployment rate (9.5 %) exceeded the EU average indicator (8.6 %) by 0.9 percentage points. In Q3 2016, Latvian unemployment rate still was also the highest in the Baltic states (7.5 % in Estonia and Lithuania).

In Q3 2016, 41.6 % or 39.3 thousand of all unemployed persons who have been without work for 12 months or longer. As the number of unemployed persons decreased, the number of long-term unemployed persons fell as well – by 9.2 thousand or 9 percentage points during the year, but, compared to Q2 2016, the number has increased by 1.3 percentage points.

In Q3 2016, youth unemployment rate accounted for 19.3 % – 3.1 percentage points higher than a year ago and 0.4 percentage points higher than in Q2. During the year, the number of young unemployed persons has grown by 1.8 thousand, while, compared to Q2, the number has reduced by 0.1 thousand.

In Q3 2016, out of the total number of unemployed persons, 14.6 thousand or 15.5 % were young people aged 15–24. During the year, the share thereof in the total number of unemployed persons has risen by 2.3 percentage points, and, compared to Q2, it has diminished by 0.1 percentage points.

In Q3, 40.3 % of all young people were active. i.e., employed or actively looking for a job (unemployed), while 59.7 % of young people were inactive (mainly studying and not seeking a job).

In Q3 2016, 31.6 % or 457.9 thousand persons of population aged 15–74 were inactive. i.e., were neither employed not actively seeking a job. Compared to Q2, the number of inactive population has declined by 2.1 thousand or 0.5 %.

In Q3, 19.3 thousand or 4.2 % of inactive population were discouraged to find a job. For comparison – in Q3 2015 the share of such inactive population accounted for 5.0 %, while in Q2 – for 4.3 %.

Ref: 102.109.109.9987


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