Employment Rate in Latvia decreased to 64.10 percent in the second quarter of 2020 from 64.70 percent in the first quarter of 2020. source: Central Statistical Bureau of Latvia

Employment Rate in Latvia averaged 58.55 percent from 2002 until 2020, reaching an all time high of 65.60 percent in the third quarter of 2019 and a record low of 50.80 percent in the first quarter of 2010. This page provides - Latvia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Employment Rate - values, historical data and charts - was last updated on February of 2021.

Employment Rate in Latvia is expected to be 65.76 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Latvia to stand at 66.18 in 12 months time. In the long-term, the Latvia Employment Rate is projected to trend around 66.50 percent in 2021 and 66.64 percent in 2022, according to our econometric models.

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Latvia Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
64.10 64.70 65.60 50.80 2002 - 2020 percent Quarterly
NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 8.60 21.30 5.30 percent [+]
Employed Persons 893.00 892.10 1404.00 830.00 Thousand [+]
Unemployed Persons 72612.00 69605.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.20 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 15.70 14.80 40.90 7.60 percent [+]
Labour Costs 129.63 131.82 132.41 34.64 points [+]
Job Vacancies 20540.00 19753.00 29704.00 1643.00 [+]
Wages 832.00 836.00 863.00 113.00 EUR/Month [+]
Minimum Wages 500.00 430.00 500.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 70.10 70.10 70.20 59.90 percent [+]
Productivity 113.30 117.50 117.50 40.90 points [+]
Part Time Employment 62.70 68.30 116.00 48.80 Thousand [+]
Employment Change 1.40 -4.20 3.40 -6.70 percent [+]
Employment Rate 64.10 64.70 65.60 50.80 percent [+]
Full Time Employment 786.70 782.60 984.30 720.30 Thousand [+]


Latvia Employment Rate
In Latvia, the employment rate measures the number of people who have a job as a percentage of the working age population.