Unemployment peaked in July 2020 in Latvia

The lowest number of employed persons was observed in December 2020 – 875.6 thousand, but the highest number of unemployed persons (84.7 thousand) in July, according to Labour Force Survey: Key Indicators in 2020 issued by the Central Statistical Bureau (CSB) June 1.

The full release can be read on the official statistics website.

As a result of the pandemic and various state restrictions, several sectors of activity were affected. Examining the changes in the number of employed persons in 2020, a decrease in their number may be observed; while at the beginning of the year 902.0 thousand persons were employed, then by December the number of employed persons decreased to 875.6 thousand. The most rapid changes in the number of employed persons were observed in December 2020, when their number decreased by 11.4 thousand compared to November. From January to December, the number of employed females decreased by 16.3 thousand, but the number of males - by 10.1 thousand.

In January 2020 there were 72.3 thousand unemployed persons in Latvia and the unemployment rate was 7.4 %, whereas in July their number increased to 84.7 thousand, the total unemployment rate reaching the highest point in 2020: 8.7 %. Over the next three months, the number of unemployed persons began to decline, as restrictions introduced in the state started to ease. On November 9, the state of emergency was declared for the second time and various restrictions were tightened, thus the number of unemployed persons started to increase again in the last two months of the year, reaching 75.7 thousand unemployed persons in December and the total unemployment rate of 8.0 %.

The highest number of unemployed males was observed in May 2020, when compared to January it increased by 10.0 thousand, reaching 50.8 thousand (unemployment rate 10.3 %). In turn, the highest number of unemployed females was observed in August, when compared to January it increased by 6.8 thousand, reaching 38.3 thousand and the unemployment rate 7.8 %.

There are differences between the EU and Latvia in recording working hours and attendance at the workplace. In the EU, the majority (78.8 %) of employees have a fixed presence or hours worked at a workplace, while in Latvia only 37.1 % of employees are obliged to do so.

 

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