Estonia's unemployment rate declined to 5.7 percent in the third quarter of 2021 from 7.7 percent in the corresponding period last year. It was the lowest jobless rate since the first quarter 2020, as the number of unemployed decreased by 14.4 thousand to 39.9 thousand while the number of employed increased by 4.9 thousand to 657.6 thousand. The labor force participation rate declined to 71.5 percent from 71.8 percent in the same period of 2020 while the employment rate advanced to 67.4 percent from 66.3 percent. In the second quarter 2021, the jobless rate was at 6.9 percent. source: Statistics Estonia
Unemployment Rate in Estonia averaged 8.06 percent from 1989 until 2021, reaching an all time high of 19.50 percent in the first quarter of 2010 and a record low of 0.50 percent in the second quarter of 1989. This page provides - Estonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Unemployment Rate in Estonia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Unemployment Rate is projected to trend around 5.60 percent in 2022 and 5.10 percent in 2023, according to our econometric models.