In July actual unemployment rate was at 8.9 % and registered 8.6% in Latvia

Data of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) published August 19 show that in July 2020 actual unemployment rate comprised 8.9 %, which is 0.2 percentage points more than in June.

Unemployment rate registered by the State Employment Agency (NVA) accounted for 8.6 %, and, compared to May, it has not changed. Unemployment rate increase may be observed also when comparing the data to the July of the previous year – of 2.6 percentage points in both actual unemployment rate and registered unemployment rate.

In July 2020 there were 86.6 thousand unemployed in Latvia, which is 1.7 thousand more than in June and 25.5 thousand more than in the respective period of the previous year. During the last 5 months since the declaration of emergency situation, compared to the actual monthly unemployment data of February 2020, the number of unemployed has increased by 15 thousand.

Registered unemployment rate is calculated based on the NVA data and results of the Labour Force Survey conducted by the CSB. For the actual unemployment rate unadjusted monthly estimates of the survey are used. NVA data are only on population of working age.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Employment
Economy