Unemployment rate at 6.9% in Latvia in Q2

Results from the Labor Force Survey published on August 15 by the Central Statistical Bureau (CSB) show that in Q2 2024 Latvia had an unemployment rate of 6.9 % (7.2 % in Q1 2024).

 The rate has gone down by 0.3 percentage points over the quarter and up by 0.5 percentage points over the year.

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In Q2 2024 there were 65.8 thousand unemployed persons aged 15–74 (incl.), which is 5.2 thousand more than a year ago and 2.9 thousand fewer than in the previous quarter.

In Q1 2024 Latvian unemployment rate (7.2 %) was 0.9 percentage points above the EU average (6.3 %). In Q2 2024 it was lower than in Estonia (7.6 %) and Lithuania (7.0 %).

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