Latvia Unemployed Persons  Forecast


Unemployed Persons in Latvia is expected to be 59947.28 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Latvia to stand at 67674.95 in 12 months time. In the long-term, the Latvia Unemployed Persons is projected to trend around 86603.73 in 2020, according to our econometric models.


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Latvia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.9 9 9.3 9 8.8 8.2
Employed Persons 892 896 900 903 905 929
Unemployed Persons 61461 59947 61552 64440 67675 86604
Long Term Unemployment Rate 3.6 3.94 4.12 4.27 4.47 5.54
Youth Unemployment Rate 10.9 13.62 13.17 13.64 14.14 16.58
Labour Costs 129 128 127 125 124 112
Job Vacancies 17261 17359 16717 15780 14590 5409
Wages 691 670 681 680 680 677
Minimum Wages 380 380 381 383 382 410
Population 1.95 1.95 1.93 1.93 1.93 1.91
Retirement Age Women 62.8 62.81 62.85 62.88 62.9 62.85
Retirement Age Men 62.8 62.74 62.82 62.87 62.91 62.91
Employment Change -0.7 -0.16 -0.1 -0.07 -0.06 -0.04
Employment Rate 62.6 62.06 61.67 61.36 60.75 57.14
Full Time Employment 783 794 799 803 805 823
Part Time Employment 66.3 73.52 72.83 73.65 73.7 76.16
Productivity 127 126 115 125 121 124
Labor Force Participation Rate 68.6 68.23 68.2 68.12 68.04 67.44