Latvia Unemployment Rate - Forecast

Unemployment Rate in Latvia is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Latvia to stand at 9.50 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 8.20 percent in 2020, according to our econometric models.


Latvia Unemployment Rate
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Latvia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 8.1 9 8.8 8.7 9.5 8.2
Employed Persons 902 900 899 900 899 900
Unemployed Persons 64631 68972 69548 67853 66020 67333
Long Term Unemployment Rate 2.6 3.45 3.45 3.45 3.45 3.45
Youth Unemployment Rate 16.5 17.34 17.18 17.08 17.03 16.96
Labour Costs 132 130 129 130 129 130
Job Vacancies 17271 17271 17057 17270 17058 17269
Wages 738 740 720 790 770 880
Minimum Wages 430 430 430 430 480 540
Population 1.95 1.93 1.93 1.95 1.95 1.95
Retirement Age Women 63.25 63.25 63.25 63.25 63.5 63.75
Retirement Age Men 63.25 63.25 63.25 63.25 63.5 63.75
Labor Force Participation Rate 69.3 69.1 69.03 68.95 68.88 68.2
Part Time Employment 66.1 67.68 68.44 68.61 69.08 72.57
Productivity 130 130 130 130 130 130
Employment Change 0.9 0.25 0.24 0.24 0.24 0.24
Employment Rate 63.7 64.06 64.43 64.49 64.51 65.02
Full Time Employment 799 807 810 812 814 827