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
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
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
The labour market was in an extraordinarily good place in the fourth quarter of 2019, as unemployment remained low at 4.1% and employment was up 0.4% over the year. The data do indicate though that the labour market is cooling.
Data from Statistics Estonia show that the average gross monthly wage was up 8.2% over the year in the third quarter of 2019. The rapid growth in wages and the recently published estimates of employment and unemployment show that the... more
The unemployment rate fell to the exceptionally low level of only 3.9% in the third quarter of 2019. The labour force survey also estimates the unemployment rate to be at its lowest ever since Estonia regained independence.
Three factors are having a significant impact in the Estonian labour market this year, and these are the loss of momentum in growth in the economy, the loss of competitiveness in the oil shale sector, and the large number of foreign... more
Data from Statistics Estonia show the average gross wage in the second quarter of the year was 1419 euros, which was 7.4% more than a year earlier. The rate of growth was a little slower than in 2018. The growth in wages continues to be... more