Unemployment rate down on month in September in Latvia

October 22 data of the Labor Force Survey (LFS) conducted by the Central Statistical Bureau (CSB) show that in September 2020 actual unemployment rate comprised 8.1%, which is 0.5 percentage points less than in August.

 Unemployment rate registered by the State Employment Agency (NVA) accounted for 7.7%, and, compared to August has decreased by 0.5 percentage points. Unemployment rate increase may be observed when comparing the data to the September of the previous year – of 2.3 percentage points in actual unemployment rate and 2 percentage points in registered unemployment rate.

In September 2020 there were 79.6 thousand unemployed people in Latvia, which is 4.4 thousand less than in August and 23.4 thousand more than in the respective period of the previous year. During the last 7 months since the declaration of emergency state, compared to the actual monthly unemployment data of February 2020, the number of unemployed has increased by 8 thousand.

Registered and actual unemployment rate is calculated based on the NVA data and results of LFS conducted by the CSB. NVA data are only on population of working age.

 

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Employment
Economy

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