International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:21
According to Statistics Estonia, in the 3rd quarter of 2019, there were 11,892 job vacancies in the enterprises, institutions and organisations of Estonia. The number of job vacancies has remained above 10,000 since the 1st quarter of 2017.
Keyword tags: Analytics, Employment, Estonia, Labour-market, Statistics
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that Latvian unemployment rate constituted 6.0 % in the 3rd quarter of 2019. Compared to the previous quarter, unemployment rate fell by 0.4 percentage points, while over the year it reduced by 1.0 percentage points.
According to Statistics Estonia, in the 3rd quarter, the unemployment rate was 3.9%, the labour force participation rate was 71.9% and the employment rate was 69%. The estimated number of employed persons was 677,300, which is 10,700 more than in the same quarter of the previous year. The number of long-term unemployed also declined.
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 917.8 thousand people or 65.6% of the population of Latvia aged 15–74 were employed in the 3rd quarter of 2019. Over the year, employment rate grew by 0.3 percentage points, and number of employed persons fell by 2.3 thousand. During the period, population declined faster than the number of employed persons.
At the end of September, there were 12,663 long-term unemployed people registered with the State Employment Service, which is 24.1% of Latvia's total unemployed population, according to the data released by the State Employment Service writes LETA.
At the end of this past Ocober, the registered unemployment rate in Latvia was 5.7 percent of the economically active population, which is unchanged from a month ago, the State Employment Agency informed LETA.
Three factors are having a significant impact in the Estonian labour market this year, and these are the loss of momentum in growth in the economy, the loss of competitiveness in the oil shale sector, and the large number of foreign workers coming to work in Estonia for the short term. Even so the labour market has been in a very good position as overall labour shortages have been more of an issue than unemployment. Of all those aged 15–74, 68% were in employment, which is one of the highest figures in the European Union. Unemployment was only 5%, which is very low.