The tighter restrictions placed on businesses in Harjumaa and Ida-Virumaa and the loss of tourists did not cause the labour market to deteriorate in the fourth quarter of 2020. The labour force survey put the unemployment rate at 7.4%,... more
Data from Statistics Estonia show that the average gross wage was 3.2% larger in the third quarter than it was at the same time a year earlier at 1441 euros. The rebound in economic activity in the summer lifted wages by 4.3% from the... more
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
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
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
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