Slower wage growth in Estonia helps preserve jobs

  • 2015-06-04
  • By Orsolya Soosaar
TALLINN - Data from Statistics Estonia show that annual growth in average gross monthly wages slowed in the first quarter of 2015 to 4.5%, and growth in gross hourly wages fell to 5.8%. Seasonally adjusted growth in average monthly wages was markedly slower than in the previous quarter. Consumer prices were 0.9% lower in the first quarter than a year earlier, and so real wages rose by 5.4%. Wage growth accelerated to 8.5% in the first quarter in local government employment, which includes a lot of jobs in education and in healthcare institutions. Wage rises in government ...
 
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