Estonia's unemployment rate stood at 5.2 percent in the third quarter of 2018, unchanged from the same period last year. The number of unemployed increased by 300 to 36.8 thousand while the number of employed stayed the same at 666.6 thousand. Meantime, the participation rate also stood at 72 percent, the same as in the same period of 2017. Unemployment Rate in Estonia averaged 8.29 percent from 1989 until 2018, 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 6.00 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 5.90 in 12 months time. In the long-term, the Estonia Unemployment Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.