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Talent Solutions - EMEA QMR Q2 2023 | 90 Latvia ears ears ears ears ears ears Male Male e ale e ale ears , , , , , , , , , , , , Latest Available Data Q2 2023 Total Labor Force (000s) 940 Employed Workers (000s) 880 Unemployed Workers (000s) 60 Unemployment Rate 6.4% ▪ 25% (one in every four) of the Labor force is 55 years+. ▪ The retirement age is 64 years and 6 months. It is expected to reach 65 years in 2025. ▪ Compared to Q1 2019, the number of Labor force participants has fallen by 14% in the 25-34 year old age group. However, compared to Q1 2019, the number of participants in the Labor force in the over 65s category increased by 31%. inance nsurance ealt ocial or nfor ation o Manufacturin Workforce Statistics Labor Force Participation Rates by Age and Sex Age Profile of Labor Force Number of Participants in Labor Force By Age (000s) Job Vacancy Rate by Industry Eurostat Hiring Demand Trend by Job Function Hiring Demand Trend For Vacancies *Job Vacancy Rate is the number of Job Vacancies as a percentage of the Total Potential Jobs (Employed + Job Vacancies) ILOSTAT Eurostat