Latvia's Unemployment Rate Holds Steady at 6.8% in October

October Sees Stable Unemployment Figures

Latvia's actual unemployment rate for October 2025 stood at 6.8%, demonstrating a period of stability in the country's labor market. This figure represents a negligible decrease of just 0.03 percentage points compared to the previous month, according to estimates released by the Central Statistical Bureau (CSB) on November 21, 2025.

Detailed Breakdown of Unemployment

While the overall rate remained largely unchanged month-on-month, the CSB's data provides a more granular view of the labor landscape. The unemployment rate for women remained constant at 5.7%, and similarly, the rate for men held steady at 8.0%.

In terms of the total number of individuals without employment, October 2025 saw 65.7 thousand unemployed persons in Latvia. This marks a slight reduction of 0.3 thousand from the preceding month. However, when compared to the same period last year, the number of unemployed individuals increased by 3.3 thousand, and the actual unemployment rate rose by 0.1 percentage points year-on-year.

Registered Unemployment Also Stable

Beyond the actual unemployment rate, the data also includes figures from the State Employment Agency (SEA). The registered unemployment rate, as recorded by the SEA, was 4.7% in October 2025. This rate showed no change from the previous month, further underscoring the stability in the job market. Year-on-year, the registered unemployment rate saw a reduction of 0.4 percentage points.

Context and Outlook

The consistent unemployment figures suggest a period of equilibrium in Latvia's labor market. The slight month-on-month decrease in the actual unemployment rate and the stable registered unemployment rate indicate that despite some year-on-year fluctuations, the immediate employment situation has not seen significant shifts. The Central Statistical Bureau continues to be the primary source for these vital economic indicators.