Latvia Unemployment Rate - Forecast

Unemployment Rate in Latvia is expected to be 8.20 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 8.00 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.


Forecast Data Chart
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Latvia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.7 8.2 8.1 8 8 8.2
Employed Persons 910 916 915 914 919 927
Unemployed Persons 58051 57810 57481 57385 57355 57342
Long Term Unemployment Rate 3.2 2.86 2.81 2.9 2.8 2.69
Youth Unemployment Rate 9.5 9.12 8.92 8.88 8.87 8.87
Labour Costs 112 133 133 133 133 133
Job Vacancies 24078 24115 24853 26077 27193 31443
Wages 755 720 790 770 747 880
Minimum Wages 430 430 430 480 480 540
Population 1.93 1.93 1.93 1.91 1.91 1.89
Retirement Age Women 63.25 63.25 63.25 63.5 63 63.75
Retirement Age Men 63.25 63.25 63.25 63.5 63 63.75
Labor Force Participation Rate 69.2 69.48 69.48 69.48 69.51 69.58
Part Time Employment 62 64.13 63.01 62.48 63.1 62.76
Productivity 128 132 130 113 129 128
Employment Change -0.3 0.11 0.02 0.02 0 0
Employment Rate 64.4 65.06 65.08 65.07 65.41 66.06
Full Time Employment 800 807 807 807 809 813