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Sunday 23.10.2016 | Name days: Daina, Dainida, Dainis

Twenty three thousand Latvian residents have lost all hope of finding work

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In Q2 2015 unemployment rate was 9.8%, which is 0.9 percentage points less compared to the previous year. Compared to Q1 2015, unemployment rate has declined by 0.4 percentage points in Latvia.

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q2 2015, 97,100 people aged 15 to 74 years were unemployed, which is 9,100 or 8.6% less than a year before, according to data from the Central Statistical Bureau of Latvia.

Since Q2 2014 unemployment rate in Latvia only slightly differs from the average index in the European Union, and in Q1 2015 it was the same as the average EU index (10.2%).

The share of long-term unemployed people who have been seeking a job for 12 months or more amounted to 43% of the total number of the unemployed. Throughout the year this indicator has grown by 2.8 percentage points (in Q2 2014 – 40.2%). Along with the decreasing total number of unemployed people, also the number of long-term unemployed people declined from 42,400 in Q2 2014 to 41,700 in Q2 2015.

In Q2 2015 youth unemployment rate decreased to 15.2%, which is 5.9 percentage points less than a year before (in Q2 2014 – 21.1%). 12,600 or 12.9% of the total number of unemployed people were aged 15-24. Over the year, the number of unemployed youth has dropped by 5,200, and its share in the total number of unemployed people has decreased by 3.8 percentage points. In Q2 2015, 40.8% of all people aged 15 – 24 were active, i.e. employed or actively seeking a job (unemployed). 59.2% of youth were inactive, mostly still studying and not seeking a job.

In Q2 2015 almost one third of the population (32.5% or 480,200) aged 15 to 74 were inactive, i.e., neither employed, nor actively seeking a job. Compared to Q2 2014 the number of inactive people has decreased by 22,800 or 4.5%.

In Q2 2015, 23,600 or 4.9% of the inactive population were discouraged to find a job. For comparison, in Q2 2014 and in the 1st quarter of 2015 the share of this inactive population accounted for 4.8%.


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