30.05.2016
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 directly... more
25.05.2016
Orsolya Soosaar Economist at Eesti Pank
  • Higher wages and lower consumer prices increased the capacity of households to consume
  • The growth in average wages in manufacturing accelerated from 5.4% to 8% in the fourth quarter of last year
  • Companies have... more
13.05.2016
Orsolya Soosaar Economist at Eesti Pank
  • Seasonally adjusted employment was higher than in the final quarter of last year
  • Labour productivity declined in 2015, but has started to rise again

Figures from Statistics Estonia show unemployment was 6.5%... more

03.05.2016

Governor of Eesti Pank Ardo Hansson told the Riigikogu on Tuesday that the Estonian government has acted correctly by keeping its budget in balance, as now is not the time from the economy’s perspective to increase spending significantly.

He explained that the central bank does not give... more

20.04.2016
Orsolya Soosaar Economist at Eesti Pank
  • The rise in employment did not slow down in the second half of 2015
  • Unemployment was low in 2015 at 6.2%, but the number of registered unemployed rose in the second half of the year
  • Productivity fell in the... more
04.03.2016
Orsolya Soosaar Economist at Eesti Pank
  • The average gross wage rose more slowly in the last quarter of 2015, but still did so faster than productivity
  • The average net wage increased about 1.5 percentage points faster than the gross wage did because of the cuts... more
12.02.2016

Orsolya Soosaar Economist at Eesti Pank
  • In the fourth quarter of last year the employment rate rose 1.4% and unemployment stood at 6.4%
  • The number of registered unemployed increased and there were more redundancies in the fourth quarter than a... more
09.12.2015
  • Tensions in the labour market have led rapid consumption growth to diverge from slow GDP growth
  • Stimulation of domestic demand by the government would increase the imbalances that have arisen
  • Labour productivity and a reduction in the market share of exports this year... more
16.11.2015
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 directly... more
13.11.2015
Orsolya Soosaar Economist at Eesti Pank
  • The share of the working age population in employment has been higher than it was at the peak of the boom for four quarters now
  • Slower GDP growth and faster growth in employment mean that productivity growth slowed in the... more
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