The unemployment rate in Latvia increased to 7.3% in the first quarter of 2022, the highest rate in three quarters, but slightly below 7.5% a year earlier. There were 68 thousand unemployed persons, of which 36.2 thousand were unemployed for up to five months. 18.8 thousand were long-term unemployed persons, 3.1 thousand less than in the previous year. Meanwhile, almost one third of the population (438.1 thousand) were inactive. source: Central Statistical Bureau of Latvia
Unemployment Rate in Latvia averaged 10.70 percent from 2002 until 2022, 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 June of 2022.
Unemployment Rate in Latvia is expected to be 7.50 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.