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Tuesday 22.08.2017 | Name days: Rudīte, Everts
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Number of unemployed persons in Latvia reduced by 34,700 in 2013

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2013 the number of economically active population comprised 1 million 14.2 thousand or 66% of Latvian population in age group 15 to 74 years, of which 70.4% were men and 62.2% – women.

Compared to 2012, the number of economically active population has reduced by 1.6%, as shown by results of the Labour Force Survey of the Central Statistical Bureau of Latvia.

In 2013 employed population of Latvia was comprised by 893.9 thousand people or 58.2% of country residents aged 15-74, which is less by 18.3 thousand or 2.1% more than a year ago. Only 5.4% of them did not work due to various reasons (vacation, illness, childcare leave, studies). The number employed persons includes 6.3 thousand people, which still having the status of unemployed were employed last year.

Last year share of employed women was slightly larger than share of employed men: respectively, 50.7% and 49.3%.

Within the framework of the Labour Force Survey also information on wages and salaries was acquired. Over a year share of employees receiving minimum wage or less has reduced, however, compared to 2012, slight increase was observed in wage groups exceeding 284.57 EUR (LVL 200.00).

Last year the number of unemployed persons aged 15-74 comprised 120.4 thousand – 34.7 thousand persons or 22.4% less than a year ago.

Unemployment rate (share of unemployed persons in the total active population) accounted for 11.9%, and during the year it has dropped by 3.1 percentage points (in 2012 – 15.0%).

Almost a half (58.2 thousand or 48.4%) of unemployed in age group 15 to 74 years were long-term unemployed who are seeking job for 12 months and more. However, their number, compared to 2012, has decreased by 22.5 thousand persons or 27.9%.

Almost one fifth – 21.5 thousand of the total number of unemployed in 2013 were comprised by youth – unemployed aged 15 to 24 years, which is 25.5% less than in 2012. Share of youngsters – unemployed in the total number of economically active youth was 23.2%, which is 5.3 percentage points less than a year ago.

Share of youth – unemployed is high because only small part of youth is working and together with unemployed comprises number of economically active youth against which share of unemployed is calculated. Large part of youth is still studying and is not seeking job thus they are economically inactive.

In 2013 the number of economically inactive persons aged 15 to 74 comprised 521.8 thousand and, compared to the corresponding period a year ago, this number has dropped by 1.4%.

Particular attention in this group should be given to the persons who are potential unemployed, but have been discouraged or do not know where and how to find a job. The results of the survey show that the number of discouraged persons in 2013 was 30.8 thousand or 5.9% of the economically inactive population. In comparison with 2012, their number has decreased by 0.2 thousand.

Ref: 102.109.109.8543


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