Estonia's unemployment rate jumped to 7.4 percent in the fourth quarter of 2020 from 4.1 percent in the corresponding period last year. The labor force participation rate increased to 72.4 percent from 72.1 percent in the same period of 2019 while the employment rate fell to 67 percent from 69.2 percent. Considering 2020 full year, the jobless rate was 6.8 percent, up from 4.4 percent in 2019. source: Statistics Estonia
Unemployment Rate in Estonia averaged 8.10 percent from 1989 until 2020, 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 April of 2021.
Unemployment Rate in Estonia is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Estonia to stand at 6.50 in 12 months time. In the long-term, the Estonia Unemployment Rate is projected to trend around 6.50 percent in 2022 and 5.10 percent in 2023, according to our econometric models.