Analytics, Employment, Estonia, Financial Services, Insurance

International Internet Magazine. Baltic States news & analytics Thursday, 23.11.2017, 16:54

Estonia's registered unemployment at 4.6% in October

BC, Tallinn, 13.11.2017.Print version
The number of registered unemployed in Estonia stood at 29,626 at the end of October, making up 4.6 of the total number of workforce from age 16 to retirement age, informs LETA/BNS.

The rate of registered unemployment remained the highest in East-Viru County with 9.3% and in Valga County with 8.5%. Unemployment was lowest in Harju County with 3.4% and in Saare County with 3.8%. Unskilled workers made up the biggest part of the registered jobless who had previously worked, accounting for 23% of the total, ahead of service and sales personnel at 18% and skilled workers and craftsmen at 17%, the Unemployment Insurance Fund said.

 

The number of persons with limited capacity for work was 9,113, making up 31% of all registered unemployed. The number of persons with limited capacity for work continue to grown in October and resulting from seasonal impacts,  the number of other unemployed also slightly increased. Similarly to previous years, participation in labor market services has increased during fall months. There has been an increase in the interest in training for employees.

 

During the month 4,500 new offers were added to the job offers available via the Unemployment Insurance Fund. The number of the job offers added during the month was the same compared to the previous month and 6% higher compared to the October 2016. The Unemployment Insurance Fund had a total of 9,800 jobs on offer during the month. The biggest part of jobs on offer were for service and sales personnel with 24%, skilled workers and craftsmen with 21%, and unskilled workers with 20% of all jobs.

 

During the month 3,800 people, including 789 persons with limited capacity for work, found employment or started business with the help of the Unemployment Insurance Fund.

 

Recipients of the unemployment insurance benefit numbered 9,000 in October, making up 26% of the registered jobless. The average benefit per calendar month was 449 euros and the sum total disbursed surpassed 3.4 million euros. The basic unemployment allowance of 151 euros a month was paid to 6,800 persons, 20% of the total number of registered jobless.

 

The redundancy benefit was paid to 395 people in October and the average size of the benefit awarded in that month was 2,047euros. The sum total paid out in redundancy benefits was more than 847,000 euros. The benefit in case of insolvency of the employer was awarded to 62 persons. The average size of the benefit was 2,264 euros and overall more than 220,000 euros was disbursed under that item.

 






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