In December 2020, actual unemployment rate comprised 8.3%, up by 0.4% MoM.
Unemployment rate registered by the State Employment Agency (SEA) accounted for 7.7%, up by 0.3%. Unemployment rate increase may be observed when comparing the data to the December 2019 – of 1.7% in actual unemployment rate and 1.5% in registered unemployment rate, according to data of the Labor Force Survey (LFS) conducted by the Central Statistical Bureau (CSB).
In December 2020, there were 80.5 thousand unemployed in Latvia, up by 3.9 thousand MoM and by 16.8 thousand YoY.
During the last 10 months since the first declaration of emergency situation, compared to the actual monthly unemployment data of February 2020, the number of unemployed has increased by 8.9 thousand.
Registered and actual unemployment rate is calculated based on the SEA data and results of LFS conducted by the CSB. SEA data are only on population of working age. (BNN/Business World Magazine)