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Weak economy hits labor

Sep 03, 2014
From wire report

TALLINN - Estonia’s central bank Eesti Pank said in its comments on the second quarter labor market data that the data indicates that the labor market is adjusting to the weak economic environment, reports LETA. Data from Statistics Estonia show that the number of employed fell by 1.2 percent year-on-year in the second quarter of 2014. A low rate of participation in the labor force meant that the unemployment rate fell at the same time, to 6.9 percent, which indicates there is a short ...

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