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. source: Central Statistical Bureau of Latvia

Unemployment Rate in Latvia averaged 10.82 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 December of 2021.

Unemployment Rate in Latvia is expected to be 7.70 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 7.40 percent in 2022 and 6.20 percent in 2023, according to our econometric models.

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Latvia Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-17 10:00 AM Q2 7.9% 8.1% 7.8%
2021-11-16 11:00 AM Q3 7.2% 7.9% 7.5%
2022-02-24 11:00 AM Q4


Related Last Previous Unit Reference
Unemployment Rate 7.20 7.90 percent Sep/21
Employed Persons 877.00 862.00 Thousand Sep/21
Wages 930.00 905.00 EUR/Month Jun/21
Population 1.91 1.92 Million Dec/20
Labor Force Participation Rate 67.60 67.00 percent Jun/21
Employment Rate 61.60 63.80 percent Mar/21

News Stream
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
Latvia's Jobless Rate Edges Up to 8.1% in Q1
Latvia's unemployment rate picked up to 8.1 percent in the first quarter of 2021 from 7.9 percent in the previous quarter. Employment fell by 32.3 thousand to 853.2 thousand while unemployed (-0.9 thousand to 74.7 thousand) fell less. In Q1, 39.7 thousand unemployed persons were out of a job for up to 5 months and 14.6 thousand were unemployed for 6-11 months. Also, the number of inactive people rose by 31.2 thousand to 457.4 thousand. A year earlier, the jobless rate was lower at 7.4 percent.
2021-05-25

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.