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International Internet Magazine. Baltic States news & analytics Tuesday, 21.11.2017, 13:50

Estonian analyst: high employment to remain due to decrease in working-age population

BC, Tallinn, 15.11.2017.Print version
The employment rate in Estonia in the third quarter of 2017 stood at 68.3%, the highest it has been in 20 years, and Heido Vitsur, economic adviser to the president, said that the employment rate is to remain at a high level due to the decrease in working-age population, cites LETA/BNS.

"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.






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