08.11.2017
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
25.10.2017
Orsolya Soosaar Economist at Eesti Pank
  • Labour productivity increased faster than labour costs in the first half of 2017 for the first time for several years
  • As demand for labour remains strong so upwards pressure on wages continues
  • The number in... more
30.08.2017
Orsolya Soosaar Economist at Eesti Pank
  • Growth in wages picked up and was close to the average rate of 2016
  • Real wages  grew more slowly because of inflation
  • Wage growth is being boosted by strong demand for labour

The average gross... more

14.08.2017
Orsolya Soosaar Economist at Eesti Pank
  • The labour market indicators remained good in the second quarter
  • The employment expectations of companies improved and they felt labour shortages more sharply
  • The unemployment rate rose to 7%,
  • Growth... more
26.06.2017
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
29.05.2017
Orsolya Soosaar Economist at Eesti Pank
  • Economic activity picked up and productivity growth increased at the same time that wage growth slowed
  • The fastest wage growth in the industrial sector was in construction and oil shale
  • Wage growth is slower in... more
15.05.2017

Orsolya Soosaar Economist at Eesti Pank
  • The share of people of working age who were in employment reached 66.3% in the first quarter. In seasonally adjusted terms it stood at 67.3%, which is the highest figure in recent decades
  • The unemployment... more
25.04.2017
Orsolya Soosaar Economist at Eesti Pank
  • The alignment of growth in labour productivity and in wages improved in the second half of 2016 as growth accelerated in productivity and slowed a little in wages
  • Whether companies can improve their profitability as... more
02.03.2017
Orsolya Soosaar Economist at Eesti Pank
  • In a sign of improvement in the economy, labour costs grew slightly more slowly than GDP rather than faster than it for the first time in three years
  • For competitiveness to improve, wage rises will have to be more... more
15.02.2017
Orsolya Soosaar Economist at Eesti Pank
  • The situation in the labour market was broadly the same as a year ago, except for in Ida-Virumaa
  • The abundance of vacancies and the more optimistic expectations of employers refer to strong labour demand
  • ... more
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