The unemployment rate in Latvia increased to 7.3% in the first quarter of 2022, the highest rate in three quarters, but slightly below 7.5% a year earlier. There were 68 thousand unemployed persons, of which 36.2 thousand were unemployed for up to five months. 18.8 thousand were long-term unemployed persons, 3.1 thousand less than in the previous year. Meanwhile, almost one third of the population (438.1 thousand) were inactive. source: Central Statistical Bureau of Latvia

Unemployment Rate in Latvia averaged 10.70 percent from 2002 until 2022, reaching an all time high of 21.30 percent in the first quarter of 2010 and a record low of 5.30 percent in the fourth quarter of 2007. This page provides the latest reported value for - Latvia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Unemployment Rate in Latvia is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Unemployment Rate is projected to trend around 6.20 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Latvia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-24 11:00 AM Q4 6.6% 7.2% 7.4%
2022-05-25 10:00 AM Q1 7.3% 7.1% 5.2%
2022-08-16 10:00 AM Q2 7.3%


Related Last Previous Unit Reference
Unemployment Rate 7.30 7.10 percent Mar 2022
Employed Persons 869.00 864.00 Thousand Mar 2022
Wages 1011.00 907.00 EUR/Month Mar 2022
Population 1.91 1.92 Million Dec 2020
Labor Force Participation Rate 67.60 68.50 percent Dec 2021
Employment Rate 62.70 63.50 percent Dec 2021

Latvia Unemployment Rate
In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
7.30 7.10 21.30 5.30 2002 - 2022 percent Quarterly

News Stream
Latvia Jobless Rate Eases to 7.3%
The unemployment rate in Latvia increased to 7.3% in the first quarter of 2022, the highest rate in three quarters, but slightly below 7.5% a year earlier. There were 68 thousand unemployed persons, of which 36.2 thousand were unemployed for up to five months. 18.8 thousand were long-term unemployed persons, 3.1 thousand less than in the previous year. Meanwhile, almost one third of the population (438.1 thousand) were inactive.
2022-05-25
Latvia Jobless Rate Lowest in 2 Years
Latvia’s unemployment rate eased to 6.6 percent in the fourth quarter of 2021 from 7.2 percent in the previous quarter. It was the lowest jobless rate since fourth quarter of 2019 as the number of unemployed declined by 1.4 thousand to 66.5 thousand. Meanwhile the number of employed persons decreased by 12.7 thousand to 864.2 thousand. In Q4, 35.4 thousand unemployed persons were out of work for up to 5 months and 9.4 thousand were unemployed for 6-11 months. Additionally, the number of inactive people fell by 11.7 thousand to 446.9 thousand. A year earlier, the unemployment rate was higher at 7.2 percent. Considering the full 2021-year, Latvia’s unemployment rate stood at 7.6 percent.
2022-02-24
Latvia's Jobless Rate Slows to 7.2% in Q3
Latvia’s unemployment rate eased to 7.2 percent in the third quarter of 2021 from 7.9 percent in the previous quarter, as the number of unemployed declined by 5.5 thousand to 67.9 thousand while employment rose by 15 thousand to 877 thousand. In Q3, 33.6 thousand unemployed persons were out of work for up to 5 months and 11.3 thousand were unemployed for 6-11 months. Additionally, the number of inactive people fell by 12.5 thousand to 435.2 thousand. A year earlier, the unemployment rate was higher at 8.4 percent.
2021-11-16