Estonia Unemployment Rate  Forecast


Unemployment Rate in Estonia is expected to be 6.20 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 6.90 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.


Estonia Unemployment Rate
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Estonia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7 6.2 5.9 6.6 6.9 5.5
Employed Persons 654 650 652 652 652 658
Unemployed Persons 28.86 28.92 29.9 31.15 32.37 37.36
Long Term Unemployment Rate 1.9 2.5 2.72 2.98 3.14 4.09
Youth Unemployment Rate 10.8 13.72 13.85 14.45 14.82 17.15
Labour Costs 129 126 126 127 127 125
Job Vacancies 5.49 5.31 5.16 5.02 4.89 4.07
Wages 1242 1283 1242 1307 1262 1322
Wages in Manufacturing 1200 1236 1200 1255 1217 1251
Wage Growth 7 7.34 7.58 7.84 8.08 8.47
Minimum Wages 470 450 486 503 503 500
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 62.7 62.39 62.6 62.7 62.81 63.01
Retirement Age Men 63 63 63 63 63 63
Full Time Employment 558 553 557 557 551 546
Employment Change -0.5 0.9 0.1 1.2 -0.2 0.5
Employment Rate 66.3 66.3 66.7 66.61 66.46 66.57
Productivity 114 111 104 111 110 109
Part Time Employment 58.5 57.29 56.92 56.21 55.7 53.23
Labor Force Participation Rate 72 70.41 70.69 71.22 70.99 70.58