Unemployment on the rise Apr 09, 2008
By Marge Tubalkain-Trell TALLINN - The unemployment rate in Estonia has reached record highs as the real estate and construction industries undergo mass layoffs.
The increase in unemployment is closely connected to the collapse of the real estate market, experts say, which has left up to 6,000 people out of a job. Another factor contributing to the increase is the high number of companies filing bankruptcy.
“The number of unemployed people has never been as low as it was last year” said Nele Labi, of the Estonian La ...
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