The weakness in the economy restrained the growth in wages and reduced the ranks of those in paid employment
With the economy weak and inflation falling, growth in wages continued to slow in the second...

The labour market is taking time to recover, and wage growth will slow
The labour market indicators at the start of this year revealed the impact of the recession, but...

Meeting of the Supervisory Board of Eesti Pank
At this week’s regular meeting of the Eesti Pank Supervisory Board, Governor Madis Müller gave board...

LABOUR MARKET REVIEW. More jobs have been preserved than during earlier crises
Orsolya Soosaar, Katri Urke, Lauri Matsulevitš and Kaspar Oja The impact of the enduring...

The labour market stood up well to the recession last year
Statistics Estonia estimates that the economy contracted by 3% last year, but there was no...

The purchasing power of the average wage is 5% more than it was a year ago
The growth in wages slowed for the second consecutive quarter and data from Statistics Estonia show...

The recession in the economy is increasingly impacting the labour market
Data from Statistics Estonia show that unemployment in Estonia rose to 7.3% in the third quarter, as...

LABOUR MARKET REVIEW. The economy recovering slowly is a danger to jobs
The Estonian economy has been in recession for a year and a half now, but the labour market has so...

Growth in wages will be restrained in future by the weak position of the economy
The average gross monthly wage was 12.4% higher in the second quarter of 2023 than it was a year...

Unemployment increased on account of higher participation
Data from Statistics Estonia show that employment in Estonia remained high in the second quarter of...

The purchasing power of the average wage was at its lowest last autumn
The average gross monthly wage was 1741 euros in the first quarter of 2023 and its rate of annual...

The economic decline has reduced employment in individual sectors
Data from Statistics Estonia show that the Estonian labour market remained stable at the start of...

LABOUR MARKET REVIEW. Jobs have been preserved so far as better times are expected
Orsolya Soosaar, Katri Urke and Lauri Matsulevitš Economists at Eesti Pank The sharp rise in...

Wages continue to rise fast despite the downturn in the economy
The average gross monthly wage was 1775 euros in the fourth quarter of 2022, which was 9.2% more...

Unemployment was low at the end of the year despite the recession
Unemployment was 5.4% in Estonia in the fourth quarter of last year in the data from Statistics...

The purchasing power of the average wage fell further in the third quarter
Data from Statistics Estonia show the growth in the average wage slowing in the third quarter. Wages...

The slowdown in economic growth has not reached the labour market
The labour market remained strong in the third quarter even though exports were weaker, industrial...

Larger wage rises are not offsetting the rise in consumer prices
Data from Statistics Estonia show that the growth rate in the average wage accelerated from 8.1%...

Labour market remained strong in the second quarter
Situation in the labour market continued to be favourable in the second quarter – there were 4.9%...

Payment of bonuses accelerated growth in wages
The average wage in the first quarter of this year was 8.1% higher than a year earlier according to...

Employment grew fast at the start of the year
There were 5.1% more people in employment in the first quarter of this year than a year earlier, and...

The Estonian labour market was in a strong position at the start of this year
The Estonian labour market recovered strongly from the Covid-19 crisis in the second half of 2021...

Real wages fell because inflation was high
Data released today by Statistics Estonia show that the average wage was up by 7.3% in the fourth...

Finding new employees is becoming harder
The labour market is on the track of recovery from the crisis. The unemployment rate fell from 5.7%...

Brisk hiring of additional workers boosted wage growth
Data released today by Statistics Estonia show the growth in the average wage accelerated from 7.3%...

The labour market improved in the summer
Unemployment fell to 5.7% in the third quarter from 6.9% in the previous quarter, and seasonally...

LABOUR MARKET REVIEW. Companies are again having difficulties in finding qualified labour
Orsolya Soosaar, Lauri Matsulevitš Economists at Eesti Pank The Estonian economy grew strongly...

Wages are rising as fast as they were before the pandemic
Data from Statistics Estonia show that the average wage was 7.3% larger in the second quarter than...

The restrictions laid down this spring did not step up unemployment
Unemployment went down from the first quarter’s 7.1% to 6.9% in the second. Employment increased by...

Wage growth accelerated despite the crisis
The estimate of the average wage published today by Statistics Estonia shows wage growth...

The new wave of the virus had little effect on the labour market
The unemployment rate was 7.1% in the first quarter of this year, similar to unemployment in the...

The new wave of the virus is slowing the recovery in the labour market
Orsolya Soosaar, Katri Urke, Lauri Matsulevitš, Kaspar Oja Economists at Eesti Pank The...

The crisis has applied the brakes to wage growth
Data from Statistics Estonia show that the average wage was 2.9% higher in the fourth quarter of...

The labour market did not deteriorate in the fourth quarter
The tighter restrictions placed on businesses in Harjumaa and Ida-Virumaa and the loss of tourists...

The recovery in economic activity raised wages
Orsolya Soosaar Economist at Eesti Pank Data from...

It is too early yet to say how the second wave of the virus will affect the labour market
Orsolya Soosaar Economist at Eesti Pank Unemployment...

The coronavirus storm clouds have not yet dispersed from the Estonian labour market
Orsolya Soosaar Economist at Eesti Pank The labour...

The coronavirus crisis slowed the growth in wages
Orsolya Soosaar Economist at Eesti Pank Data from...

The coronavirus crisis has slowed the growth in wages
Orsolya Soosaar Economist at Eesti Pank Growth in...

The crisis hit the service sector when it was at a peak
Orsolya Soosaar Economist at Eesti Pank Employment...

Wages grew more slowly at the end of last year
Orsolya Soosaar Eesti Panga ökonomist Wages continue...

The labour market is in a good position, though the data indicate some cooling
Orsolya Soosaar Economist at Eesti Pank The labour...

The employee remains in command
Orsolya Soosaar Economist at Eesti Pank Data from...

More jobs have been created despite gloomier expectations
Orsolya Soosaar Economist at Eesti Pank The...

Unemployment is low but competition in the labour market may become tighter
Orsolya Soosaar Economist at Eesti Pank Three factors...

Wages are rising more slowly
Orsolya Soosaar Economist at Eesti Pank Data from...

There are signs within the strong labour market that the economy is cooling
Orsolya Soosaar Economist at Eesti Pank The labour...

Wages are growing faster in the public sector than in the private sector
Orsolya Soosaar Economist at Eesti Pank Statistics...

The labour market is doing well with low unemployment and increasing employment
Orsolya Soosaar Economist at Eesti Pank Employment...

Companies are less optimistic in their employment growth expectations
Orsolya Soosaar Economist at Eesti Pank Growth in the...

Unemployment has fallen to almost the same low level as in the economic boom
Orsolya Soosaar Economist at Eesti Pank Unemployment...

Workers coming from abroad help to ease labour shortages
Orsolya Soosaar Economist at Eesti Pank Data from...

New jobs could be created in Ida-Virumaa
Orsolya Soosaar Economist at Eesti Pank Labour market...

Labour shortages remain dominant in the labour market
Orsolya Soosaar Economist at Eesti Pank Growth in the...

Slower growth in wages may prove temporary
Orsolya Soosaar Economist at Eesti Pank Wage...

The labour market remains favourable for employees
Orsolya Soosaar Economist at Eesti Pank The share...

Growth in net wages leapt sharply
Orsolya Soosaar Economist at Eesti Pank Growth in...

The higher unemployment figure does not mean a deterioration in the economy
Orsolya Soosaar Economist at Eesti Pank The growth...

The economy was driven on by increased employment
Orsolya Soosaar Economist at Eesti Pank For the...

The labour market would gain from the faster removal of barriers to participation
Orsolya Soosaar Economist at Eesti Pank Given the...

The labour market remains favourable for employees
Orsolya Soosaar Economist at Eesti Pank The labour...

The acceleration in wage growth is being driven by the industrial sector
Orsolya Soosaar Economist at Eesti Pank The average...

Times are still good in the labour market
Orsolya Soosaar Economist at Eesti Pank The labour...

Labour productivity increased in the first half of the year
Orsolya Soosaar Economist at Eesti Pank Labour...

Corporate profit grew faster than wages in the second quarter
Orsolya Soosaar Economist at Eesti Pank Growth in...

Demand for labour remained strong in the second quarter
Orsolya Soosaar Economist at Eesti Pank The labour...

Wages and productivity are better aligned
Orsolya Soosaar Economist at Eesti Pank Economic...

The work ability reform has brought additional people into the labour market
Orsolya Soosaar Economist at Eesti...

Better alignment of growth in wages and productivity is threatened by labour shortages
Orsolya Soosaar Economist at Eesti Pank The...

Slower growth in labour costs than in GDP is the first step to a recovery of competitiveness
Orsolya Soosaar Economist at Eesti Pank In a sign...

The position of employees in the labour market remained favourable
Orsolya Soosaar Economist at Eesti Pank The...

Wage growth slowed in the third quarter
Orsolya Soosaar Economist at Eesti Pank The...

Unemployment rose in the third quarter
Orsolya Soosaar Economist at Eesti...

The labour market marches to a different drum to the rest of the economy
Orsolya Soosaar Eesti Panga ökonomist Growth in...

Wage growth slowed in local government administration
Orsolya Soosaar Economist at Eesti Pank The growth...

The labour market improved in the second quarter
Orsolya Soosaar Eesti Panga ökonomist Employment...

Increases in bonuses are in contradiction to shrinking profits
Orsolya Soosaar Economist at Eesti Pank Higher...

Emigration slowed the decline in the number of people of working age
Orsolya Soosaar Economist at Eesti Pank Seasonally...

Despite weak GDP growth, demand for labour remained strong
Orsolya Soosaar Economist at Eesti Pank The rise...

Wage growth has slowed but remains faster than productivity growth
Orsolya Soosaar Economist at Eesti Pank The...

Unemployment was at the same level in the fourth quarter as a year earlier
Orsolya Soosaar Economist at Eesti...

Wages rose despite the weak growth in the economy
Orsolya Soosaar Economist at Eesti Pank Both...

Slower growth in the economy is not reflected in labour market indicators
Orsolya Soosaar Economist at Eesti Pank The share...

Despite good conditions in the labour market, the number of jobs may be reduced in future
Orsolya Soosaar Economist at Eesti Pank Rapid...

Lower tax rates and prices lifted real wage income
Orsolya Soosaar Economist at Eesti Pank Data from...

Wages and productivity became better aligned in the second quarter
Orsolya Soosaar Economist at Eesti Pank Statistics...

Slower wage growth helps preserve jobs
Orsolya Soosaar Economist at Eesti Pank Data from...

High rates of labour market participation offset the decline in the working age population
Orsolya Soosaar Economist at Eesti Pank Annual growth...

The rapid rise in labour costs may restrict investment opportunities
Orsolya Soosaar and Natalja Viilmann Economists at Eesti...

The purchasing power of those earning the average wage grew quickly
Orsolya Soosaar Economist at Eesti Pank Data from...

Available labour resources are in ever-shorter supply
Orsolya Soosaar Economist at Eesti Pank The labour...