28.08.2018
Orsolya Soosaar Economist at Eesti Pank
  • Wage growth was slowed by the effect of the tax reform, which changed how holiday pay is paid out and raised the average net wage

  • Upwards pressure on wages remains high

  • Wage inequality and poverty... more
14.08.2018
Orsolya Soosaar Economist at Eesti Pank
  • The share of employers who cite labour shortages as the main factor limiting production is on the increase
  • Companies’ employment expectations are increasing only in the industrial sector
  • The share of white-... more
30.05.2018
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... more
29.05.2018
Orsolya Soosaar Economist at Eesti Pank
  • Growth in the gross wages of people earning minimum wage was slowed down by lower negotiated wages, but net wages increased considerably owing to the income tax reform
  • The cut in income tax initially benefited employees... more
15.05.2018
Orsolya Soosaar Economist at Eesti Pank
  • The growth in employment has been boosted by a rise in the number of entrepreneurs
  • The Work Ability Reform raised unemployment by less than forecast as demand for labour is strong
  • The number of people of working... more
13.04.2018
Orsolya Soosaar Economist at Eesti Pank
  • For the first time in many years, labour productivity increased faster than labour costs in 2017
  • A larger share of the working age population participate in the labour market in Estonia than in other countries in Europe... more
01.03.2018
Orsolya Soosaar Economist at Eesti Pank

Given the exceptionally good position of the economy and the increasing demand for labour, the rise in the rate of wage growth to 7.5% can be seen as moderate. The ability to find suitable work and favourable pay conditions have... more

14.02.2018
Orsolya Soosaar Economist at Eesti Pank
  • The labour market favoured employees very much in the fourth quarter of 2017
  • The unemployment rate was 5.3%
  • Labour shortages have deepened for companies
  • Companies that cannot improve productivity or... more
29.11.2017
Orsolya Soosaar Economist at Eesti Pank

The average gross monthly wage was 1201 euros in the third quarter of 2017 and its rate of annual growth rose to 7.4% from 6.8% in the second quarter. Reasons why wage growth has increased include faster inflation, which has raised the... more

14.11.2017
Orsolya Soosaar Economist at Eesti Pank
  • The labour market remained very favourable for employees in the third quarter
  • The unemployment rate fell to 5.2%, falling most in Ida-Virumaa
  • The economy grew in the third quarter thanks to high employment, but... more
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