Latvia Unemployment Rate Falls in Q2

Figures

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Latvia's unemployment rate decreased in the June quarter, after rising in the previous quarter, figures from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.

The jobless rate dropped to 6.6% in the second quarter from 7.3% in the first quarter. In the corresponding period last year, the jobless rate was 7.9%.

The number of unemployed people decreased to 62,800 in the second quarter from 68,000 in the preceding three-month period.

The youth unemployment rate, which applies to 15 to 24 years, rose to 14.8% in the June quarter from 12% in the March quarter.

Data also showed that the employment rate climbed from 63.2% in the previous quarter to 64% in the second quarter.

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