LABOUR MARKET TRENDS IN LATVIA

The labour market is the most important resource in the business environment. The employee is one of the main resources, the quality of which is the one that determines the quality of the company's goods and service. Two-fold information is heard in Latvia: state institutions point out that labour market trends are only improving, but entrepreneurs point out that there is a lack of a quality and motivated workforce. In the publicly available information, one can find indications that labour market indicators are improving, there are increasing average wages and decreasing unemployment rates. The article analyses the criteria that have the most impact on labour market trends. Each year the population of Latvia is decreasing, which can cause serious problems in nearest future and in the distant future - radical problems for all.