In June, actual unemployment rate comprised 9.8%, up by 0.2% MoM.
Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.6%, and, compared to May, rose by 0.2%. Unemployment rate increase may be observed also when comparing the data to the June of the previous year – of 3.5% in actual unemployment rate and of 2.6% in registered unemployment rate, according to data from the Central Statistical Bureau of Latvia.
In June, there were 95.2 thousand unemployed in Latvia, up by 1.7 thousand MoM and by 34.4 thousand YoY. During the last 4 months since the declaration of emergency situation, compared to the actual monthly unemployment data of February, the number of unemployed has increased by 24.2 thousand.
Registered and actual unemployment rate is calculated based on the SEA data and results of the Labor Force Survey conducted by the CSB. SEA data are only on population of working age.
Aiming to limit the spread of COVID-19, as of March 13, CSB has not been conducting face-to-face interviews at respondent residences. All interviews are taken online or by phone. (BNN/Business World Magazine)