bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 25.06.2019 | Name days: Maiga, Milija
LatviaLatvia

Unemployment in Latvia was 7.4% in 2018

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU72.8 thousand people were unemployed in 2018. Compared to 2017, number of unemployed persons dropped by 12.6 thousand or 14.8 %. Last year, Latvian unemployment rate constituted 7.4 %, which is 1.3 percentage points lower than in 2017.

Unemployment rate among females still was lower than among males – 6.4 % and 8.4 %, respectively.

Compared to Q3, unemployment rate reduced by 0.1 percentage points and constituted 6.9 % in Q4 2018. In Q4, 67.1 thousand people aged 15–74 were unemployed, which is 1.7 thousand or 2.5 % less than in Q3, according to results of the Labour Force Survey conducted by the Central Statistical Bureau.

Since Q3 2008, Latvian unemployment rate exceeds the European Union average (except for the 1st quarter of 2015 when both indicators were equal). In Q3 2018, Latvian unemployment rate (constituting 7.0 %) exceeded the EU average (6.6 %) by 0.4 percentage points. In Q4, Latvia still had the highest unemployment rate in the Baltic States (6.9 %), compared to 4.4 % in Estonia and 6.0 % in Lithuania.

Over the year, the number of long-term unemployed persons (those who cannot find work for 12 months or more) reduced by 1.8 thousand, and in 2018 it constituted 30.3 thousand persons. As the total number of unemployed persons dropped faster than the number of long-term unemployed persons, the share of long-term unemployed persons in the number of unemployed persons increased by 4.0 percentage points (from 37.7 % in 2017 to 41.7 % in 2018).

In Q4, there were 29.1 thousand long-term unemployed persons and in Q3 – 29.4 thousand. In Q4, the share of long-term unemployed persons in the total number of unemployed persons constituted 43.4 %. Compared to Q3, the indicator increased by 0.3 percentage points.

In 2018, youth unemployment rate constituted 12.2 %, which is 4.8 percentage points lower than a year ago (17.0 % in 2017). Out of the total number of unemployed persons, 8.0 thousand or 11.0 % were young people aged 15–24. During the year, the number of young unemployed persons fell by 4.1 thousand and their share in the total number of unemployed persons by 3.2 percentage points.

In Q4, youth unemployment rate constituted 12.0 %, which is 1.0 percentage points higher than in Q3. The number of young unemployed persons dropped by 0.5 thousand and constituted 7.2 thousand or 10.8 % of the total number of unemployed persons (7.7 thousand or 11.2 % in Q3).

From 2013 to 2016, Latvian youth unemployment rate was lower than the EU average, however in 2017 it constituted 17.0 % and was 0.2 percentage points higher than the EU average (16.8 %). In 2018, Latvia still had the highest youth unemployment rate in the Baltic states, compared to 11.4 % in Lithuania and 11.8 % in Estonia.

In 2018, 37.7 % of all young people were active, i.e., employed or actively seeking a job (unemployed), while 62.3 % of young people were inactive (mainly studying and not seeking a job). In Q4, 34.9 % of all young people were active, while 65.1 % inactive.

In 2018, 30.4 % or 428.7 thousand people aged 15–74 (including 157.4 thousand people aged 65–74) were inactive, i.e., were neither employed nor actively seeking a job. Compared to 2017, the number of unemployed persons dropped by 14.4 thousand or 3.2 %. In Q4, 30.6 % or 430.4 thousand people aged 15–74 were inactive. Compared to Q3, inactive population grew by 9.7 thousand or 2.3 %.

In 2018, 13.4 thousand people or 3.1 % of the inactive population were discouraged to find a job (18.1 thousand or 4.1 % in 2017). In Q4, this population accounted for 12.2 thousand or 2.8 % (17.2 thousand or 4.1 % in Q3).

In 2018, Labour Force Survey questions about economic activity were asked to 29.1 thousand people aged 15–74 living in 16.3 thousand households, while in Q4 – to 7.4 thousand people aged 15–74 and living in 4.2 thousand households.


Leave a reply

New force in Riga: excluded party members and independent deputy form a new faction

Deputies excluded from New Conservative Party’s faction in Riga City Council Druvis Kleins and Imants Keišs, as well as independent deputy Oskars Putniņš have decided to found their own faction, as confirmed by deputies.

Researchers expect one-third of Latvians to apply for British citizenship soon

In the next five years, one-third of Latvian citizens who now live in Britain plan to apply for British citizenship, according to a survey performed by researchers of the University of Latvia Institute of Philosophy and Sociology to determine the opinion of Latvian emigrants towards Brexit and its consequences.

Latvia’s prime minister expects minister to explain suspension of Latvenergo council

Latvia’s Prime Minister Krišjānis Kariņš intends to wait until the end of the week for explanations from Economy Minister Ralfs Nemiro in regards to the minister’s decision to suspend the council of the country’s energy giant Latvenergo, according to the prime minister’s issued resolution.

Key Turkish election won by opposition bringing change to largest city

In Turkey, the repeated mayoral election of Istanbul has been won by opposition candidate ending 25 years of the rule of the country’s governing AK party in largest city.

Latvia holds third highest growth rate in Europe’s innovation rating

Latvia is reported to have the third highest growth rate in the European Union, growing by 17.7 percentage points in the rating, according to outlooks of Europe’s Innovation Result and Regional Innovation Result.

Kaljulaid on Estonian Victory Day: Natural calamity more likely than warfare

Estonian president Kersti Kaljulaid has said in a speech on Estonia’s Victory Day remembering the hundred-year-old War of Independence that despite natural calamities being more likely than warfare in the country, everyone should be informed and prepared to help ensure Estonian.

Latvia’s Sigulda will not host part of 2026 Winter Olympic Games

The 2026 Winter Olympic Games will take place in Italy’s Milan and Cortina d'Ampezzo, which have won in the competition for the right to host Olympic Games with Sweden, which planned to delegate certain ice sports to Latvia’s Sigulda.

Latvia’s prime minister not prepared to increase country’s budget deficit

Latvia’s Prime Minister Krišjānis Kariņš is not prepared to increase budget deficit to satisfy growing budget requests from ministries. The prime minister says every ministry has provided arguments in favour of increasing funding for their respective sectors from the 2020 state budget.

Washington hits Iran with new sanctions, target’s country’s Supreme Leader

United States President Donald Trump has announced imposing of tough, new sanctions against Iran also on the office of the Middle Eastern country's Supreme Leader Ali Khamenei.

As scandals continue in Lithuania Latvian Railway praises company of ex-KGB agent’s wife

Latvian state company Latvian Railway (LDz) has had contracts worth dozens of million euros signed with the company owned by ex-KGB agent Yuri Simonenkov’s wife – SIA Sigmen – since 2005. While in Lithuania dealings with people who may or may not have ties to Russian President Vladimir Putin have caused a scandal...

Kazakhstan evacuates thousands of people after blasts at military depot

In Kazakhstan a munitions depot has been hit by a fire and major explosions, resulting in a mass evacuation of a town.

Week in Lithuania: Coalition expansion talks completed, Vilnius University up in global rankings

Last week, four parliamentary parties continued coalition negotiations, two men were sentenced for spying for Russia, Government vowed to reduce shadow income in construction and car sale sectors.

BNN weekly summary: Fall of Turlais, alcohol tit for tat, Latvenergo council sacked

This week a top theme in Latvia and Estonia was the alcohol excise tax. Latest events showed that Estonian Prime Minister Jüri Ratas does not plan to cut the tax rates an further, commenting Latvia’s possible 15%-reduction of liquor excise tax rate.

Estonia not to deepen its U-turn on alcohol excise, after Latvian move

Following Latvian plan to retaliate to Estonia’s sharp drop of its alcohol excise tax rates, Estonian Prime Minister Jüri Ratas has stated that Tallinn is not going to cut its rates any further.

Dombrovskis gives up MEP mandate to continue in European Commission

Valdis Dombrovskis, the Latvian politician having led in the European Parliament’s elections the list of New Unity, has decided to give up his mandate of a member of the European Parliament to continue in the European Commission for its remaining term.

Latvian State Audit tasked with damage recovery rights

The Saeima has passed in the final reading amendments to the State Audit Law authorising the public spending watchdog to recover damages from persons responsible for violations of law found during institutional inspections.

Latvia bans Soviet and Nazi uniforms in protests and meetings

The Latvian Saeima has passed in the final reading law amendments that would ban the wearing of the uniforms and elements of the armed forces and repressive institutions’ uniforms of the Soviet Union, its republics and the Nazi Germany.

Proposed EUR 40 mln compensation to Latvian Jewish community retracted

Latvian party alliance Development/For! has retracted its own draft law on the restitution in the amount of 40 million euros to the Latvian Jewish community for real estate confiscated by totalitarian powers in the mid-20th century in the then occupied Latvia.

Riga city Mayor Turlais loses post in no-confidence vote

The chairman of the Riga City Council, Dainis Turlais has not survived a no-confidence vote, which lead to him losing the post of the Mayor of the Latvian capital.

Former head of Ventbunkers Ciniņa dismissed for severe violations; court rejects dismissal benefit claim

A court in Latvia has rejected the claim by the ex-head of petroleum product transhipment terminal company Ventbunkers, Eva Ciniņa, to exact from the firm a dismissal benefit of 86 400 euros as she has been dismissed from the post for gross violations of her duties.

Latvia readying 15% alcohol excise rate cut in tit for tat to Estonia

In a measure seen in Riga as provoked unexpectedly by Estonian legislators, the Latvian Saeima has passed in the first reading the plan to cut the alcohol excise duty on liquor by 15%.

Estonian military surveillance plan rejected by Kaljulaid to reach court

Rejected as unconstitutional by the Estonian President, Kersti Kaljulaid, the plan to expand military surveillance in the country will reach the Estonian Supreme Court in autumn. the President and the Estonian parliament disagree on the provisions of the amended Defence Forces Organisation Law.

Latvia rejects Unmarried Couple’s Law intended for cohabiting partners

The Latvian parliament has on Thursday, June 20, rejected the draft Unmarried Couple’s Law proposed by MPs from the governing New Unity and coalition member Development/For! for the protection of cohabitating unmarried partners.

Lithuania holds fire on alcohol excise as Latvia readies reaction to Estonia’s 25% cut

The much-praised unity of the Baltics in the 1990s has fallen through multiple times over the countries’ independent history and the last blow to it came this month from Estonia, which unilaterally made a 25 percent cut on alcohol excise tax in bid to lure alcoholic beverage lovers from neighbouring countries.

Swedbank not leaving Baltics, says newly appointed chairman Persson

Swedbank shareholders have elected former Swedish Prime Minister Göran Persson as its new chairman. He has started off by dismissing the possibility of leaving Baltic markets amid investigations.

Newest comments