Unemployment level in Latvia increases to  8.4% in May

Unemployment level in Latvia increases to 8.4% in May

At the end of May the level of registered unemployment reached 8.4% of the economically active population, which is 0.4 percentage points more than a month prior, according to data from the State Employment Agency (NVA).

At the end of May 2020 the number of unemployed persons registered with NVA was 76 440, which is 3 523 people more than a month prior, when 72 917 unemployed persons were registered.

The most rapid increase of the unemployment level was observed in Riga and Pieriga in both May an in previous five months.

Unemployment levels in Riga and Riga region in May had increased 0.5 percentage points, whereas when compared with the end of 2019 the level of unemployment in Riga has increased 2.7 percentage points, and in Riga region – by 2.5 percentage points.

At the same time, Riga and Riga region still have the lowest unemployment levels among Latvia’s regions. Data from NVA shows the unemployment level registered in Riga was 6.7% at the end of May, whereas in Riga region it was 6.8% of the economically active population.

The highest unemployment level at the end of May was observed in Latgale region – 15.7%, which is 0.4 percentage points more than a month prior, as well as 1.9 percentage points higher than was observed at the end of 2019.

In Kurzeme, Vidzeme and Zemgale the registered level of unemployment had increased 0.3 percentage points in May, reaching 8.9%, 8% and 8% of the economically active population respectively.

Compared to the end of 2019, unemployment in Kurzeme and Zemgale increased 1.7 percentage points and 2.1 percentage points in Vidzeme.

At the end of 2019 the level of registered unemployment in Latvia was 6.2% of the economically active population. At the end of April it was 8%.

Pic Credit: https://www.flickr.com/photos/smemon/4423185450

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