Estonia's unemployment rate declined to 4.7 percent in the first quarter of 2019 from 6.8 percent in the same period last year, as the number of unemployed decreased by 15,000 to 32.4 thousand while the number of employed rose by 11,300 to 661.8 thousand. The labor force participation rate fell to 70.8 percent from 71.4 percent in the same period of 2018 and the employment rate dropped to 67.5 percent from 66.6 percent. Unemployment Rate in Estonia averaged 8.23 percent from 1989 until 2019, 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.
Unemployment Rate in Estonia is expected to be 4.10 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 4.90 in 12 months time. In the long-term, the Estonia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.