14.02.2019
Orsolya Soosaar Economist at Eesti Pank

Unemployment fell in the final quarter of last year to 4.4% in Estonia, which is the same low level as in the economic boom. As the unemployment figure has fallen however, so the indicators for the functioning of the labour market have... more

19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2018

The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

29.11.2018
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that the average gross monthly wage was up 7.5% over the year in the third quarter of 2018. The rate of wage growth in recent quarters has been affected by the income tax reform. Labour shortages are... more

14.11.2018
Orsolya Soosaar Economist at Eesti Pank

Labour market data published on Wednesday show that unemployment remains low and shortages of labour are biting. The share of people in work varies widely across regions however, and there is most space for creating new jobs in Ida-... more

13.11.2018
Rasmus Kattai Economist at Eesti Pank

Each quarter this year, some seven per cent of employees have left their current employer at their own request and started to work for someone else. In a broad sense this means that over a year, one employee in four moves to look for... more

30.10.2018
The labour market review by experts from Eesti Pank covers developments in the supply, demand and prices of labour in Estonia. The central bank observes the labour market for two reasons. Firstly, labour is an important production input, as a change in the supply or activity of labour can... more
25.10.2018
Orsolya Soosaar Economist at Eesti Pank

Growth in the economy slowed in the first half of 2018 and signs of this were evident in the labour market, with employment growing more slowly than in 2017 for example. There are still a lot of vacant positions in the economy, but they... more

28.08.2018
Orsolya Soosaar Economist at Eesti Pank
  • Wage growth was slowed by the effect of the tax reform, which changed how holiday pay is paid out and raised the average net wage

  • Upwards pressure on wages remains high

  • Wage inequality and poverty... more
14.08.2018
Orsolya Soosaar Economist at Eesti Pank
  • The share of employers who cite labour shortages as the main factor limiting production is on the increase
  • Companies’ employment expectations are increasing only in the industrial sector
  • The share of white-... more
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