Latvia unemployment rate rises in Q1
Photo by Fizkes / Shutterstock.com
Latvia's jobless rate increased in the first quarter, after falling in the previous two quarters, figures from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday.
The jobless rate rose to 7.3% in the March quarter from 7.1% in the fourth quarter. In the corresponding period last year, the unemployment rate was 8.1%.
The number of unemployed people increased to 68,000 in the first quarter from 66,500 in the prior quarter.
The youth unemployment rate, which applies to 15 to 24 years, climbed to 6.9% in the March quarter from 6.2% in the December quarter.
Data also showed that the employment rate rose from 62.7% in the previous quarter to 63.2% in the first quarter.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
