Estonian labor market data indicate some cooling

  • 2020-02-27
  • BNS/TBT Staff
Although the Estonian labor market was in an extraordinarily good shape in the final quarter of 2019, as unemployment remained low at 4.1 percent and employment grew by 0.4 percent over the year, labor market data indicates that the market is cooling, Orsolya Soosaar, economist at the Estonian central bank, said on February 15. Just like throughout 2019, Harju County was the region where employment increased the most in the fourth quarter. The contraction in the oil shale sector meanwhile pulled down employment in East-Viru County, Soosaar said in her comments on labor ma...
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