The unemployment rate in Latvia decreased to 6.7% in Q3 2024, down from 6.9% in the previous quarter, nonetheless still higher than the 6.5% in the corresponding period of 2023. There was 63 thousand unemployed persons aged 15-74, 2.8 thousand less compared to the previous quarter. Meanwhile, 31.2% or 427.8 thousand from the population aged 15-74 were inactive. As for youth unemployment rate, it fell to 13% from 16.9% in the previous quarter. source: Central Statistical Bureau of Latvia
Unemployment Rate in Latvia decreased to 6.70 percent in the third quarter of 2024 from 6.90 percent in the second quarter of 2024. Unemployment Rate in Latvia averaged 10.28 percent from 2002 until 2024, 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 January of 2025.
Unemployment Rate in Latvia decreased to 6.70 percent in the third quarter of 2024 from 6.90 percent in the second quarter of 2024. Unemployment Rate in Latvia is expected to be 6.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.