Latvian unemployment rate at 6.6% in Q2

Results of the Labour Force Survey published August 16 by the Central Statistical Bureau of Latvia show that in the 2nd quarter of 2022 Latvian unemployment rate constituted 6.6 %.

 Over the quarter it dropped by 0.7 percentage points while over the year by 1.3 percentage points.

In the 2nd quarter of this year there were 62.8 thousand unemployed persons aged 15–74 (incl.), which is 10.6 thousand fewer than a year ago and 5.2 thousand fewer than in the previous quarter.

In the 1st quarter of 2022 Latvian unemployment rate (7.3 %) was 0.8 percentage points above the EU average (6.5 %). In the 2nd quarter of 2022 Latvian unemployment rate was the highest in the Baltic countries (5.8 % in Estonia and 5.2 % in Lithuania).

Also, information published by CSB show that in Latvia 885.2 thousand people or 64.0 % of the population aged 15–74 were employed in the 2nd quarter of 2022.

The number of employed persons in the age group 75–89 constituted 5.4 thousand. The statistics in this news release covers people aged 15–74 (incl.).

Over the year, employment rate grew by 1.7 percentage points and number of employed persons by 23.6 thousand people. Compared to the previous quarter, employment rate went up by 0.8 percentage points and number of employed persons by 15.9 thousand people.

In the 2nd quarter Latvian employment rate was the lowest among the Baltic countries (68.8 % in Estonia and 66.9 % in Lithuania).

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