Wages are likely to rise at an increasing rate in Latvia next year, Swedbank said November 29 in a commentary on the issue.
New data from the Organization for Economic Cooperation and Development (OECD), of which Latvia is a member, draws attention to large variations in unemployment in the country according to region and says more should be done to provide affordable housing in its latest economic outlook.
Journalists from the Baltic Center for Investigative Journalism, Re:Baltica, have released the latest in a series of features examining the future of Latvia's labor market.
Investigative journalism outfit the Baltic Center for Investigative Journalism, Re:Baltica, has released the second feature in its ongoing series about the demographic challenges facing Latvia.
New data released August 28 by the Central Statistical Bureau (CSB) show that in the second quarter of 2017 average gross wages and salaries for full-time work exceeded 900 euros, coming in at 927 euros.
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2017 the Latvian unemployment rate constituted 8.9 %.
Compared to the previous quarter, the unemployment rate decreased by 0.5 percentage points, whereas, compared to the same period of the year before – by 0.6 percentage points.
In July, registered unemployment in Latvia was at its lowest level over the past eight years.
Minister of Welfare Janis Reirs participated in the opening of a new cross-border labor market integration and employment promotion project August 3.,
Under a reform plan proposed by the Latvian State Chancellery July 26, the number of public administration employees is to be cut by 6 percent over the next three years while their salaries are to be increased to bring them closer to the pay level in the private sector.
The unemployment rate across Latvian municipalities and cities ranged from a record low 2.7% in Garkalne to 24% in the Cibla municipality in year-end 2016.
In the first quarter of 2017 the Latvian unemployment rate constituted 9.4 %, according to a Labour Force Survey conducted by the Central Statistical Bureau (CSB).
The Economics Ministry has drawn up a list of jobs that will be the hardest to fill in the future, and which may in certain circumstances be offered to foreigners. The list includes a total of 29 professions.