Latvia Unemployment Rate

Unemployment Rate in Latvia decreased to 12.80 percent in the first quarter of 2013 from 13.80 percent in the fourth quarter of 2012. Unemployment Rate in Latvia is reported by the Latvijas statistika. Historically, from 2002 until 2013, Latvia Unemployment Rate averaged 11.91 Percent reaching an all time high of 20.70 Percent in March of 2010 and a record low of 5.40 Percent in December of 2007. In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Latvia Unemployment Rate.

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Latvia Unemployment Rate
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Unemployment Rate | Notes

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.






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