Latvia Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Latvia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Latvia to stand at 4.35 in 12 months time. In the long-term, the Latvia Long Term Unemployment Rate is projected to trend around 5.42 percent in 2020, according to our econometric models.


Latvia Long Term Unemployment Rate
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Latvia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 8.5 9.3 9 8.8 8.7 8.2
Employed Persons 903 909 913 916 919 940
Unemployed Persons 63121 66821 70307 73415 76152 90886
Long Term Unemployment Rate 3.5 3.8 3.97 4.17 4.35 5.42
Youth Unemployment Rate 14.5 15.55 15.59 15.95 16.22 17.91
Labour Costs 128 125 123 122 120 110
Job Vacancies 17062 15356 14203 12835 11441 4679
Wages 669 671 671 670 672 677
Minimum Wages 380 390 390 390 390 410
Population 1.95 1.93 1.93 1.93 1.93 1.91
Retirement Age Women 62.8 63 63 63 63 63
Retirement Age Men 62.8 63 63 63 63 63
Labor Force Participation Rate 69.5 69.02 69 68.92 68.84 68.32
Part Time Employment 64.5 68.42 68.7 69.14 69.53 72.15
Productivity 131 116 124 128 128 127
Employment Change -0.7 -0.1 -0.07 -0.06 -0.05 -0.04
Employment Rate 63.6 62.93 62.72 62.29 61.61 57.78
Full Time Employment 795 804 807 809 812 825