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. source: Central Statistical Bureau of Latvia

Unemployment Rate in Latvia averaged 10.74 percent from 2002 until 2021, 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 May of 2022.

Unemployment Rate in Latvia is expected to be 7.60 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.

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Latvia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 11:00 AM Q3 7.2% 7.9% 7.5%
2022-02-24 11:00 AM Q4 6.6% 7.2% 7.4%
2022-05-25 10:00 AM Q1 6.6%


Related Last Previous Unit Reference
Unemployment Rate 6.60 7.20 percent Dec 2021
Employed Persons 864.00 877.00 Thousand Dec 2021
Wages 1050.00 951.00 EUR/Month Dec 2021
Population 1.91 1.92 Million Dec 2020
Employment Rate 62.70 63.50 percent Dec 2021
Labor Force Participation Rate 67.60 68.50 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
6.60 7.20 21.30 5.30 2002 - 2021 percent Quarterly

News Stream
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
Latvia's Jobless Rate Falls to 7.9% in Q2
Latvia’s unemployment rate eased to 7.9 percent in the second quarter of 2021 from 8.1 percent in the previous quarter, as the number of unemployed decreased by 1.3 thousand to 73.4 thousand while employment rose by 9 thousand to 862 thousand. In Q2, 51.6 thousand unemployed persons were out of work for up to 5 months and 21.6 thousand were unemployed for 6-11 months. Also, the number of inactive people fell by 9.7 thousand to 447.7 thousand. A year earlier, the jobless rate was higher at 8.6 percent.
2021-08-17