18.11.2020
The labour market review by experts from Eesti Pank covers developments in the supply and demand of labour in Estonia, and the cost of it in wages. 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... more
13.11.2020
Orsolya Soosaar Economist at Eesti Pank

Unemployment rose to 7.7% in the third quarter from 7.1% in the previous quarter as people returned to the labour market. The number in employment was higher too than in the previous quarter, and the rise exceeded the usual seasonal... more

27.10.2020
Orsolya Soosaar Economist at Eesti Pank

The labour market review soon to be published by Eesti Pank finds that after a steep drop in employment and a sharp rise in unemployment in the second quarter of 2020, the labour market remained stable during the summer. The contraction... more

07.10.2020
The spread of the coronavirus from the start of the year had a major impact on the performance of the Estonian economy and of the economy of the whole world. Although the economic decline in many countries was less than was forecast at the first peak of the crisis, the economy of the euro area... more
29.09.2020

The contraction in the Estonian economy in the second quarter was smaller than had been feared, but a new outbreak of the coronavirus will push the recovery of the economy further into the future. Once the restrictions introduced under the emergency situation were lifted, the economy started to... more

27.08.2020
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that the average wage was 1% higher in the second quarter than it was at the same time a year earlier. The seasonally adjusted average wage was lower than in the first quarter. The lowest point in the... more

17.08.2020

 Orsolya Soosaar, economist at Eesti Pank

Unemployment increased to 7.1% in the second quarter of 2020 and employment decreased by 3.6% year-on-year. The decline in employment was due to the service sector, which suffered the most... more

16.06.2020
The labour market review by experts from Eesti Pank covers developments in the supply and demand of labour in Estonia, and the cost of it in wages. 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... more
10.06.2020

Estonia is going through a global pandemic with wide-ranging economic consequences that will leave the economy 10% smaller than it was last year if the virus fades away and restrictions are not re-imposed. The economy has already started to recover as the restrictions that have been introduced... more

03.06.2020

At the end of the first quarter of this year the coronavirus crisis hit the global economy, including Estonia, and had a major impact on the labour market. Demand for labour fell at companies that were hit most by the crisis, as economic activity was hindered by restrictions introduced in... more

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