Compared to the first quarter, the unemployment rate decreased by 0.3 percentage points, but increased by 0.5 percentage points during the year.
In the second quarter of this year, there were 65,800 unemployed people aged 15-74, which is 5,200 more than a year ago and 2,900 less than in the first quarter.
In the first quarter, the unemployment rate in Latvia (7.2%) was 0.9 percentage points higher than the average in the European Union (6.3%). In the second quarter of this year, the unemployment rate in Latvia was lower than in Estonia (7.6%) and Lithuania (7%).
In the second quarter, there were 21,400 long-term unemployed (out of work for at least 12 months) – 3,500 more than a year ago and 900 more than the previous quarter. The proportion of the long-term unemployed among the unemployed was 33.1% – 3.4 percentage points more than a year ago and 3.1 percentage points more than the previous quarter.
In the second quarter, almost half, or 31,600 unemployed people, were out of work for up to five months. This is 300 less than a year ago and 5,100 less than the previous quarter. 11,700 were out of work for six to 11 months. The number of these persons has increased by 1,100 compared to the second quarter of last year, and by 500 compared to the previous quarter.
In the second quarter, 11,100 or 16.8% of all unemployed persons were young people aged 15 to 24. Their share increased by 7.2 percentage points during the year, but compared to the previous quarter – by 5.4 percentage points.
The youth unemployment rate in the second quarter was 16.9%, which is 7.3 percentage points higher than a year ago and five percentage points higher than the previous quarter. During the year, the number of unemployed youth increased by 5,300, but compared to the previous quarter – by 3,300.
In the second quarter, 34.9% of all young people were economically active, that is, they were employed or actively looking for work (unemployed), while 65.1% of young people were economically inactive – mostly still studying and not looking for work.
Almost a third – 30.9% or 424,600 inhabitants aged 15 to 74 – were economically inactive, that is, not employed and not actively looking for work. Compared to the previous quarter, the number of economically inactive population decreased by 2,700 or 0.6%, and during the year – by 6,300 or 1.5%.
In the second quarter of the quarter, 5,100 households participated in the workforce survey on economic activity, in which 8,400 residents aged 15 to 89 years were surveyed, including 4,400 households in which 7,300 residents were surveyed in the age group of 15 to 74 years.
2024-08-16 12:48:40