Report of the central bank about wages

Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. Bank of Estonia broadens the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data from a unique survey, we find that [...]

Labour costs 16,018 kroons a month

According to Statistics Estonia, in the 3rd quarter of 2009, the average monthly gross wages and salaries were 11,770 kroons and the hourly gross wages and salaries were 71.76 kroons. Compared to the 3rd quarter of the previous year, the average monthly gross wages and salaries were by 5.9% lower and the average hourly gross [...]

Slowing economic downturn reflected in the labour market

According to Statistics Estonia, the number of the unemployed in Estonia increased to an estimated 102,000 people in the third quarter. At the same time, the unemployment growth rate has considerably eased and the number of participants in the labour force has grown.
The positive news on the third quarter concern participation in the labour force [...]

102,000 persons are unemployed

According to Statistics Estonia, the unemployment rate rose to 14.6% in the 3rd quarter of the current year and the number of the unemployed was the largest during the period after the restoration of independence in Estonia. The positive change on the labour market was that the decrease of the employment stopped.

According to the data [...]

12 pct unemployed

Estonia’s registered unemployment rate rose to a record this week as the Baltic country’s employers continue to cut jobs amid sagging demand, Bloomberg reports. 
The unemployment rate, based on the number of job-seekers registered with labor offices, increased to 11.9 percent as of yesterday, compared with 11.8 percent on Oct. 8, according to data released today [...]

Young people suffer the most in economic crisis

According to Statistics Estonia, on the labour market of Estonia, young people aged 15–24 have suffered the most due to the economic crisis; their unemployment increased more than three times in the 1st quarter of 2009 compared to the same period of the previous year.

The increase in unemployment in Estonia has been first of all [...]

Immigrants who speak Estonian are more successful on the labour market

According to Statistics Estonia, the Immigrant Population Survey reveals that in case of immigrant occupational career the skill of the Estonian language is more important than the immigrant background.

In spite of the rapid changes on the labour market recently, which have been mainly expressed through the growth of unemployment big differences of occupational division remained [...]

Foreigners must make at least 1000 EUR a month to keep residence permit

A foreigner must earn more than EEK 15,000 a month to keep residence permit, according to an Act which came to force in July, Eesti Päevaleht reports.
Migration and Citizenship Board (KMA) told to a foreigner that he is no longer eligible for residence permit, according to the new provision.
“The fact that I can speak pure Estonian isn’t considered [...]

The average wage is 12,716 kroons

According to Statistics Estonia, in the 2nd quarter of 2009, the average monthly gross wages and salaries were 12,716 kroons and the hourly gross wages and salaries were 77.16 kroons. Compared to the 2nd quarter of the previous year, the average monthly gross wages and salaries were by 4.4% lower and the average hourly gross [...]

Unemployment record high among men

According to Statistics Estonia, the unemployment rate rose to 13.5% in the 2nd quarter of the current year. A year ago the unemployment rate was 4%. The number of employed persons decreased by 64,000 during the year.

The rapid growth of unemployment, which had started in the second half of the previous year, continued in the [...]