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.