The impact of the COVID-19 pandemic on the unemployment rate in Latvia
2021
Hohlova, Vera | Rivza, Baiba
The economic and labour market consequences of Covid-19 were immediate, significant and lasting, with long-term negative effects on global economic development and activity in general. The global virus pandemic is having a profound effect on the labour market with a sharp rise in the number of unemployed, which are at high risk of becoming long-term unemployed as the pandemic drags on, some of whom will not return to the labour market. The outbreak of Covid-19 and the measures taken to combat it are leading to a rapid demand for unemployment benefits, but a large proportion of the unemployed registered with employment agencies are not actively involved in job search or do not want to establish an employment relationship at all. It is important to track and describe the major changes in the labour market around the world, but the restrictions that are being put in place to combat Covid-19 pose a huge obstacle to conventional data collection approaches and activities. Within the framework of this study, the unemployed in Latvia were interviewed in order to find out and evaluate the impact of the Covid-19 pandemic on the unemployment rate and the unemployed in Latvia. The aim of the article is to find out problems caused by the Covid-19 pandemic, which are related to the unemployed and which need to be solved in Latvia, and possibly also in other European and other countries of the world.
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