TALLINN — In a sign that one of the steepest economic downturns is abating, Estonia’s ever-rising unemployment appears to have leveled off, according to the latest numbers from the Ministry of Social Affairs.
Currently the jobless rate has plateaued at 14.6 percent of the working-age population and if the latest trends prove lasting, it could be the highest point. Over the last four weeks, the number of registered unemployed decreased from 2,174 to 1,918 before plunging down to 161 and then 125 last week.
Minister of Social Affairs Hanno Pevkur said that [private_supervisor]the number of job offers has increased compared to the beginning of the year, and was happy that the jobless rate remains at 14.6 percent for last four weeks.
“The fact that the jobless rate reduced already in eight counties this week for the first time since the crisis begun,” said Pevkur. “I would like to hope that we are at the turning point, but next weeks and months will show whether the positive trend will continue or not.”
Currently 17.7 percent of Latvians and 14.2 Lithuanians are jobless, placing Estonia in the middle with 14.6 percent. The three Baltic states are among the hardest-hit in the world by the economic crisis. [/private_supervisor] [private_subscription 1 month]the number of job offers has increased compared to the beginning of the year, and was happy that the jobless rate remains at 14.6 percent for last four weeks.
“The fact that the jobless rate reduced already in eight counties this week for the first time since the crisis begun,” said Pevkur. “I would like to hope that we are at the turning point, but next weeks and months will show whether the positive trend will continue or not.”
Currently 17.7 percent of Latvians and 14.2 Lithuanians are jobless, placing Estonia in the middle with 14.6 percent. The three Baltic states are among the hardest-hit in the world by the economic crisis. [/private_subscription 1 month] [private_subscription 4 months]the number of job offers has increased compared to the beginning of the year, and was happy that the jobless rate remains at 14.6 percent for last four weeks.
“The fact that the jobless rate reduced already in eight counties this week for the first time since the crisis begun,” said Pevkur. “I would like to hope that we are at the turning point, but next weeks and months will show whether the positive trend will continue or not.”
Currently 17.7 percent of Latvians and 14.2 Lithuanians are jobless, placing Estonia in the middle with 14.6 percent. The three Baltic states are among the hardest-hit in the world by the economic crisis. [/private_subscription 4 months] [private_subscription 1 year]the number of job offers has increased compared to the beginning of the year, and was happy that the jobless rate remains at 14.6 percent for last four weeks.
“The fact that the jobless rate reduced already in eight counties this week for the first time since the crisis begun,” said Pevkur. “I would like to hope that we are at the turning point, but next weeks and months will show whether the positive trend will continue or not.”
Currently 17.7 percent of Latvians and 14.2 Lithuanians are jobless, placing Estonia in the middle with 14.6 percent. The three Baltic states are among the hardest-hit in the world by the economic crisis. [/private_subscription 1 year]
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