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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Latvia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.90 8.40 21.30 5.30 2002 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-22 10:00 AM Q1 7.4% 6.0% 6.80%
2020-08-17 10:00 AM Q2 8.6% 7.4% 8.5%
2020-11-16 11:00 AM Q3 8.4% 8.6% 9.3%
2021-02-24 11:00 AM Q4 7.9% 8.4% 8.8%
2021-05-21 10:00 AM Q1 7.9% 9.2%
2021-08-17 10:00 AM Q2
2021-11-16 11:00 AM Q3


News Stream
Latvia Jobless Rate Falls to 7.9% in Q4
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.
2021-02-24
Latvia Jobless Rate Drops to 8.4% in Q3
Latvia's unemployment rate decreased to 8.4 percent in the third quarter of 2020 from 8.6 percent in the previous three-month period. Still, it was the second-highest jobless rate since the second quarter of 2017, amid the pandemic crisis. The number of unemployed dropped by 2.1 thousand to 81.4 thousand while the number of employed people increased by 0.7 thousand to 892.8 thousand. A year earlier, the jobless rate was lower at 6 percent.
2020-11-16
Latvia Jobless Rate Hits 3-Year High
Latvia's unemployment rate increased to 8.6 percent in the second quarter of 2020 from 7.4 percent in the previous three-month period. That was the highest jobless rate since the second quarter of 2017, as the number of unemployed rose by 11.3 thousand to 83.5 thousand due to the Covid-19 crisis, while the number of employed people fell by 10.0 thousand to 892.1 thousand.
2020-08-17
Latvia Q1 Jobless Rate at Near 2-Year High of 7.4%
The unemployment rate in Latvia jumped to 7.4 percent in the first quarter of 2020 from 6 percent in the previous period. It was the highest jobless rate since the second quarter of 2018, amid business closures and lockdowns due to the coronavirus pandemic. The number of unemployed rose by 14.3 thousand to 72.2 thousand while the number of employed dropped by 11 thousand to 902.1 thousand. Unemployment rate among young people aged 15-24 years increased to 13.5 percent from 10.1 percent in the prior period. A year earlier, the jobless rate was lower at 6.9 percent.
2020-05-22

Latvia Unemployment Rate
In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.