Labour Costs in Latvia increased to 124.11 points in the third quarter of 2019 from 121.10 points in the second quarter of 2019. Labour Costs in Latvia averaged 72.98 points from 1995 until 2019, reaching an all time high of 124.11 points in the third quarter of 2019 and a record low of 34.64 points in the second quarter of 1995.

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Latvia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
124.11 121.10 124.11 34.64 1995 - 2019 points Quarterly
2010=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.40 21.30 5.30 percent [+]
Employed Persons 917.80 905.60 1404.00 830.00 Thousand [+]
Unemployed Persons 57808.00 53783.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.50 3.00 10.10 1.20 percent [+]
Youth Unemployment Rate 10.50 10.20 40.90 7.60 percent [+]
Labour Costs 124.11 121.10 124.11 34.64 points [+]
Job Vacancies 28712.00 29704.00 29704.00 1643.00 [+]
Wages 783.00 799.00 822.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.93 1.95 2.67 1.93 Million [+]
Retirement Age Women 63.25 63.00 63.25 59.50 [+]
Retirement Age Men 63.25 63.00 63.25 62.00 [+]
Labor Force Participation Rate 69.90 69.00 70.20 59.90 percent [+]
Part Time Employment 68.80 70.00 116.00 48.80 Thousand [+]
Productivity 135.20 134.40 136.70 44.30 points [+]
Employment Change 1.00 -1.10 3.50 -6.70 percent [+]
Employment Rate 65.60 64.70 65.60 50.80 percent [+]
Full Time Employment 797.90 792.80 984.30 720.30 Thousand [+]