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Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna
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Employment level in Latvia reached 60.8% in 2015

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2015, there were 896.1 thousand employed people aged 15–74, which accounts for 60.8 % of the population in Latvia. Compared to the previous year, the employment rate had increased by 1.7 percentage points, and number of employed people increased by 11.4 thousand in 2015.

Employment rate among men grew by 1.5 percentage points, and among women – by 1.8 percentage points, according to the Labour Force Survey conducted by the Central Statistical Bureau.

In Q4 2015, 900 thousand people were unemployed – a drop of 2 thousand or 0.2 % over Q3. In Q4 2015, employment rate remained the same as in Q3 – 61.4 %.

In 2015, the most notable increase in the number of employed people was recorded in agriculture, forestry and fishing, as well as in human health and social work activities, whereas the most significant reduction was observed in wholesale and retail trade; repair of motor vehicles and motorcycles, as well as in manufacturing.

In 2015, 3.3 thousand people out of the total number of employed people, preserving the status of a registered unemployed, were employed in active employment measures organised by the State Employment Agency, for example, in paid temporary public works. In Q4 2015, there were 4.7 thousand such people.

Since the end of 2012, employment rate in Latvia has been above the average rate in the European Union (in Q3 of 2015 it was 58.5 %), but since the end of 2014 – also above the employment rate in Lithuania. The highest employment rate among the Baltic States was recorded in Estonia (in Q4 2015 it was 65.0 %), while the lowest – in Lithuania (60.7 %).

In 2015, employment rate among young people aged 15–24 comprised 34.5 % – a rise of 2 percentage points over 2014. In 2015, 69.4 thousand young people were employed (in 2014 – 69.1 thousand).

Compared to Q3, in Q4 2015 the number of employed young people has grown slightly (by 4 thousand or 6 %) and reaches 70.5 thousand.

In 2015, employed people in the main job worked on average 38.3 hours weekly – 0.3 hours less than in 2014. In Q4 2015, employed people in the main job worked on average 37.5 hours weekly – 1.8 hours less than in Q3.

Information obtained in the Labour Force Survey shows that, compared to 2014, in 2015 the share of employees receiving net wages and salaries of up to EUR 450.00 has decreased by 4.8 percentage points. The share of employees receiving minimum wage or less rose by 2.6 percentage points. However, it should be noted that in 2014 minimum monthly wage constituted EUR 320, and in 2015 – EUR 360. The share of people labour remuneration of which was from EUR 450.01 to EUR 700.00 (after taxes) has grown by 3.2 percentage points.

Ref: 102.109.109.7866


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