Long Term Unemployment Rate in Latvia increased to 2.10 percent in the first quarter of 2020 from 1.80 percent in the fourth quarter of 2019.

Long Term Unemployment Rate in Latvia averaged 4.92 percent from 1998 until 2020, reaching an all time high of 10.10 percent in the first quarter of 2011 and a record low of 1.20 percent in the third quarter of 2007. This page provides - Latvia Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Long Term Unemployment Rate - values, historical data and charts - was last updated on August of 2020.

Long Term Unemployment Rate in Latvia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Latvia to stand at 2.40 in 12 months time. In the long-term, the Latvia Long Term Unemployment Rate is projected to trend around 2.40 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Latvia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.80 10.10 1.20 1998 - 2020 percent Quarterly

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 6.00 21.30 5.30 percent [+]
Employed Persons 902.10 913.10 1404.00 830.00 Thousand [+]
Unemployed Persons 78266.00 76440.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 18.40 18.40 40.80 7.60 percent [+]
Labour Costs 132.41 124.50 132.41 34.64 points [+]
Job Vacancies 18255.00 27316.00 29704.00 1643.00 [+]
Wages 822.00 801.00 846.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 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 69.50 70.20 59.90 percent [+]
Productivity 112.00 114.10 115.30 40.90 points [+]
Part Time Employment 94.80 75.10 116.00 48.80 Thousand [+]
Employment Change 0.10 0.30 3.40 -6.70 percent [+]
Employment Rate 64.70 65.40 65.60 50.80 percent [+]
Full Time Employment 763.30 795.70 984.30 720.30 Thousand [+]


Latvia Long Term Unemployment Rate
In Latvia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.