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...

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...

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...

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...

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...

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...

Both the central bank and the government need to take steps to combat inflation
The outlook for the Estonian economy depends above all on the future rate of inflation. Estonia has...

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%...

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...

The impact of the war in Ukraine has reached inflation
Consumer prices were up 18.8% on average on the year in April 2022. Prices were on average 3.5%...

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...

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%...

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...

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

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

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

It is time to move from emergency crisis aid to a long-term plan
Estonia is going through a global pandemic with wide-ranging economic consequences that will leave...

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

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

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

The cooling economy may threaten the ability of companies to service their loans
The latest financial stability review from Eesti Pank indicates that risks to the financial sector...

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

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

Rapidly rising wages are putting pressure on prices
Natalja Viilmann Economist at Eesti Pank Data from...

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

The fall in competitiveness in the economy points to trouble ahead
The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to...

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

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

The Estonian economy is moving from very good times into just good times
Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in...

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

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

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

The economy is sailing with a tailwind
The current rate of growth in the economy cannot be maintained for long The growth in corporate...

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

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

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...

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

The IMF is concerned about productivity growth in Estonia
The IMF has concluded their annual official staff visit (or ‘mission’) to Estonia. The...

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 risk of growth slowing because of the labour market overheating has increased
An improved external environment and higher productivity are boosting economic growth Rising...

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

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...

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...

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

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...