Latvia's unemployment rate decreased to 7.9 percent in the fourth quarter of 2021 from 8.4 percent in the previous three-month period, as the number of unemployed dropped by 5.5 thousand to 75.6 thousand. Meantime, employment fell by 7.5 thousand to 885.5 thousand while the number of inactive people increased by 11.3 thousand to 426.2 thousand. A year earlier, the jobless rate was lower at 6 percent. source: Central Statistical Bureau of Latvia
Unemployment Rate in Latvia averaged 10.94 percent from 2002 until 2020, reaching an all time high of 21.30 percent in the first quarter of 2010 and a record low of 5.30 percent in the fourth quarter of 2007. This page provides the latest reported value for - Latvia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Unemployment Rate in Latvia is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Latvia to stand at 8.70 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 6.80 percent in 2022, according to our econometric models.