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Thursday, 28.03.2024, 11:46
Estonian analyst: high employment to remain due to decrease in working-age population
"Although as a rule we in summer have had a higher employment rate
thanks to seasonal jobs than during winter months, the employment rate this
year is additionally supported by the most favorable economic situation in the
past years and secondly, which is not good at all, the simultaneous decrease in
the numbers of the working-age population," Vitsur told BNS.
"The decrease in the birth rate that started in the 90s can be felt.
The lack of working hands along with a favorable economic situation will likely
keep the employment of the last quarter of this year at a high
level," Vitsur said.
Statistics Estonia on Tuesday said that the labor force participation rate
in the second quarter of this year remained at the highest level in the past
few years, but characteristically to the summer season, unemployment in the
third quarter decreased and employment increased, resulting in the highest
employment rate in the last 20 years. Compared to the third quarter of last
year, there were 13,000 more employed persons in the third quarter of this
year.