Little change in February unemployment figures

Results of the Labour Force Survey conducted by the Central Statistical Bureau of Latvia (CSB) and published March 20 show that in February 2023 the actual unemployment rate in Latvia accounted for 7.0 % and compared to January it has increased by 0.1 percentage points.

The unemployment rate among men grew by 0.1 percentage points up to 9.1 % and among women it did not change and constituted 4.9 %.

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The unemployment rate registered with the State Employment Agency (SEA) constituted 6.3 % and it has not changed since January. Compared to February 2022, actual unemployment rate has gone down by 0.3 percentage points and registered by 0.5 percentage points.

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In February 2023 there were 66.5 thousand unemployed persons in Latvia (23.4 thousand women and 43.1 thousand men), which is an upturn of 0.6 thousand over the month and a downturn of 1.8 thousand over the year. Over the month, the number of both unemployed men and women grew by 0.3 thousand.

The SEA calculates registered unemployment rate by using own data on the registered unemployed persons and CSB data on active population (employed and unemployed persons) of working age. The actual unemployment rate is estimated based on unadjusted monthly survey results.

 

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