Latvia at EU average level for labor market slack

In 2021, the unmet demand for employment (labour market slack) in the EU, amounted to 14.0% of the extended labor force (aged 15-74 years), corresponding to 31.2 million people, according to data published by Eurostat May 12.

The labor market slack was at 13.6% in 2019 and increased when the COVID-19 pandemic hit the labor market in 2020 (14.9%) mainly due to the increase in the number of people available to work but not seeking it. This might be explained by the length and the repetition of the lockdowns as well as other sanitary measures preventing people looking for a job.

For Latvia the figure was right on the EU average at 14% in 2021, up from 13.7% in 2020.

In 2021, the labour market slack was highest in Spain (24.1%), followed by Italy (22.8%) and Greece (22.2%). By contrast, Czechia (3.9%), Malta (5.5%) and Poland (5.7%) registered the lowest labour market slack.

Labor market slack data

 

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