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62.9% of Latvia’s population was employed in 2017

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Compared to the year before, in 2017 employment rate grew by 1.3 percentage points and number of employed persons by 1.5 thousand. Employment rate among men grew faster than among women – by 1.6 percentage points and 1.0 percentage points, respectively. 894.8 thousand people or 62.9 % of Latvia population aged 15–74 were employed in 2017.


In Q4 2017, 902.2 thousand people aged 15–74 were employed, which is 0.7 thousand less than Q3. Employment rate constituted 63.7 %, which is 0.1 percentage points higher than Q3, according to results of the Labour Force Survey conducted by the Central Statistical Bureau of Latvia.
 

Compared to the year before, in 2017 the most notable increase in the number of employed persons was observed in wholesale and retail trade; repair of motor vehicles and motorcycles, as well as professional, scientific and technical activities, and information and communication.
 

In 2017, 2.4 thousand of the employed persons participated in active employment activities organized by the State Employment Agency, e.g., had paid temporary community work while still having the status of unemployed.
 

Since Q4 2012, Latvian employment rate has been exceeding European Union (EU) average level (which Q3 of 2017 constituted 60.2 %). In Q4 2017, Latvian employment rate exceeded Lithuanian rate (by 63.5 %), however was still lower than Estonian one (68.4 %).
 

In 2017, employment rate among young people (aged 15–24) constituted 33.0 %, which is 0.2 percentage points higher than in 2016.  Last year, the number of employed young people accounted for 59.1 thousand (62.9 thousand in 2016). Compared to Q3, in Q4 2017 number of employed young people dropped by 8.3 thousand or 13.4 % and constituted 53.8 thousand.
 

In 2017, persons employed in the main job worked on average 38.3 hours per week (0.1 hours fewer than in 2016), whereas in Q4 the year – 38.1 hours per week (0.7 hours fewer than Q3 of 2017).
 

Data of the Labour Force Survey show that, compared to 2016, in 2017 share of employees receiving less than EUR 450.00 monthly (after taxes) fell to 39.2 % (drop of 4.9 percentage points), while the proportion of employees receiving minimum monthly wage or less constituted 149.4 thousand or 19.1 % (reduction of 1.6 percentage points over the year). Also in Q4 2017, as compared to Q3, the share of employees receiving less than EUR 450.00 monthly (after taxes) dropped to 37.0 % (decline of 1.9 percentage points), and the proportion of employees receiving minimum monthly wage or less constituted 136.4 thousand or 17.4 % (reduction of 1.3 percentage points).
 

Compared to 2016, in 2017 the share of employees receiving EUR 450.01–700.00 monthly rose by 1.7 percentage points (32.4 % in 2017) and that of employees receiving EUR 700.01–1400.00 monthly increased by 2.6 percentage points (20.2 % in 2017); the proportion of employees receiving more than EUR 1400 monthly grew by 0.7 percentage points (3.4 % in 2017).
 

In its turn, wage or salary of 2.7 % of employees was not calculated or paid, while 2.1 % did not indicate the size of earnings thereof.
 

In 2017, Labour Force Survey covered 16.5 thousand households, in which 30.4 thousand people aged 15–74 were interviewed. In Q4 the year, Labour Force Survey covered 4.1 thousand households, in which 7.5 thousand people aged 15–74 were interviewed.

BNN

22-02-2018
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