In February, actual unemployment rate comprised 9.1%, up by 0.3% MoM.
Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.2%, up by 0.2%. Unemployment rate increase may be observed when comparing the data to the February of the previous year – of 1.5% in actual unemployment rate and 1.9% in registered unemployment rate, according to data of the Labor Force Survey (LFS) conducted by the Central Statistical Bureau (CSB).
In February, there were 87.5 thousand unemployed in Latvia, up by 3.4 thousand MoM and by 13.6 thousand YoY.
During the last 11 months since the first declaration of emergency situation, compared to the actual monthly unemployment data of March 2020, the number of unemployed has increased by 10.9 thousand. However, since the second declaration of the emergency situation in November 2020 – by 12.8 thousand.
Registered unemployment rate is calculated based on the SEA data and results of LFS conducted by the CSB. Unadjusted monthly estimates of the survey are used for the actual unemployment rate. SEA data are only on population of working age. (BNN/Business World Magazine)