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

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
Working Papers of Eesti Pank 3/2020 We estimate how raising the statutory retirement age affects employment by considering the pension age reform in Estonia, that gradually raised the normal retirement age (NRA) for women from 58 to 61.5 and the early retirement age (ERA) from 56 to 59.5 during... 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
27.05.2020
Orsolya Soosaar Economist at Eesti Pank

Growth in wages continued to slow at the start of this year as the average wage increased by 4.8% over the year. In March, when the labour market was first affected by the coronavirus crisis, the average wage was lower than a year... more

15.05.2020
Orsolya Soosaar Economist at Eesti Pank

Employment was 1.3% higher in the first quarter of 2020 than a year earlier, and active participation in the labour market was increasing. The growth in employment last year and in the first quarter of this was supported mainly by the... more

03.03.2020
Orsolya Soosaar Eesti Panga ökonomist

Wages continue to grow fast, especially given that the purchasing power of households has been helped by lower inflation. Wages rose more slowly at the end of the year though than the 8.2% seen in the third quarter, and data from... more

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