Historically lowest unemployment numbers registered in Latvia

In June this year, Latvia registered the historically lowest number of unemployed people – there were slightly more than 50,000 registered unemployed, which is a 5.6% registered unemployment rate, Evita Simsone, director of the State Employment Agency (NVA), told Latvian Radio on July 26.

“It should be said that registered unemployment rates have also been below this. But such small numbers of unemployed people have not yet been in Latvia,” said the head of the NVA.

According to her, the stress of the lack of employees in the labor market is growing. The number of registered unemployed people is shrinking throughout Latvia, with regional differences remaining large enough.

“In Rīga, this [registered unemployment rate] is only slightly above 4%, even slightly lower in Pierīga, while Latgale is still above 10%. But there is a reduction in all regions, including Latgale,” Simsone said.

According to her, the Latvian labor market is also experiencing a trend this year with unemployment falling just in the spring and summer.

“We started this year with 6.3% of registered unemployment, then gradually it was 6% in March, 5.7% in April, and 5.6% today,” the head of the NVA said.

According to her, the number of registered vacancies is more than 20,000. Employers are looking for representatives of the most diverse professions. Teachers, medical staff, programmers, truck drivers, different specialists, and lower-skilled workers are lacking most.

According to her, it is easier for employers to find low-skilled professionals, but it is more difficult to find highly qualified professionals.

“Because this talent search and engagement is not only in Latvia, but across Europe and even more broadly. And all states are thinking about finding and attracting talent to their countries, their employers," said the director of the NVA.

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