Employment Rate in Latvia decreased to 63.80 percent in the fourth quarter of 2020 from 64.30 percent in the third quarter of 2020. source: Central Statistical Bureau of Latvia

Employment Rate in Latvia averaged 58.69 percent from 2002 until 2020, reaching an all time high of 65.60 percent in the third quarter of 2019 and a record low of 50.80 percent in the first quarter of 2010. This page provides - Latvia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Employment Rate - values, historical data and charts - was last updated on June of 2021.

Employment Rate in Latvia is expected to be 65.76 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Latvia to stand at 66.18 in 12 months time. In the long-term, the Latvia Employment Rate is projected to trend around 66.50 percent in 2022 and 66.64 percent in 2023, according to our econometric models.

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Latvia Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.60 63.80 65.60 50.80 2002 - 2021 percent Quarterly
NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 7.90 21.30 5.30 percent [+]
Employed Persons 853.00 886.00 1404.00 830.00 Thousand [+]
Unemployed Persons 68765.00 71376.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 2.20 10.10 1.20 percent [+]
Youth Unemployment Rate 14.40 15.10 40.90 7.60 percent [+]
Labour Costs 130.93 129.63 132.41 34.64 points [+]
Job Vacancies 17079.00 20540.00 29704.00 1643.00 [+]
Wages 932.00 870.00 932.00 113.00 EUR/Month [+]
Minimum Wages 500.00 430.00 500.00 75.18 EUR/Month [+]
Population 1.91 1.92 2.67 1.91 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 67.00 69.30 70.20 59.90 percent [+]
Productivity 122.90 119.30 122.90 40.90 points [+]
Part Time Employment 77.80 62.70 116.00 48.80 Thousand [+]
Employment Change -0.50 1.70 3.40 -6.70 percent [+]
Employment Rate 61.60 63.80 65.60 50.80 percent [+]
Full Time Employment 767.10 786.70 984.30 720.30 Thousand [+]


Latvia Employment Rate
In Latvia, the employment rate measures the number of people who have a job as a percentage of the working age population.