TALLINN — The average wage in Estonia decreased by 2.3 percent in the first quarter compared to the same period last year, but grew by compared to the previous month.
Statistics Estonia reported Monday that the average salary in the first quarter was 11,865 krooni (€758.3) which is 2.3 percent lower than at the same period last year. Hourly wages fell by 2.7 percent compared to first quarter in 2009. The increased unemployment was reflected, as the number of employees dropped by [private_supervisor]11.3 percent at the end of March, compared to the same period last year.
The decrease was affected by small demand and the rapid rise in the unemployment, which was caused by the strong economic downturn.
On the other hand by monthly comparison salaries are increasing. In January the average salary was 11,647 krooni (€744.3), in February 11,749 krooni (€750.9) and in March 12,196 krooni (779.5).
Salaries increased the most in manufacture, by 4.1 percent in the first quarter. Salaries decreased in financial activities by 26.9 percent, largely due the strong increase in the irregular payments such as bonuses.
Ministry of Finance analysts say that the increase was somewhat smaller than expected in their economic prognosis.
“The further decrease will slow down due to the increase in salaries of exports,” Katrin Reimann, press spokeswoman of the Ministry of Finance, told the press Tuesday. [/private_supervisor] [private_subscription 1 month]11.3 percent at the end of March, compared to the same period last year.
The decrease was affected by small demand and the rapid rise in the unemployment, which was caused by the strong economic downturn.
On the other hand by monthly comparison salaries are increasing. In January the average salary was 11,647 krooni (€744.3), in February 11,749 krooni (€750.9) and in March 12,196 krooni (779.5).
Salaries increased the most in manufacture, by 4.1 percent in the first quarter. Salaries decreased in financial activities by 26.9 percent, largely due the strong increase in the irregular payments such as bonuses.
Ministry of Finance analysts say that the increase was somewhat smaller than expected in their economic prognosis.
“The further decrease will slow down due to the increase in salaries of exports,” Katrin Reimann, press spokeswoman of the Ministry of Finance, told the press Tuesday. [/private_subscription 1 month] [private_subscription 4 months]11.3 percent at the end of March, compared to the same period last year.
The decrease was affected by small demand and the rapid rise in the unemployment, which was caused by the strong economic downturn.
On the other hand by monthly comparison salaries are increasing. In January the average salary was 11,647 krooni (€744.3), in February 11,749 krooni (€750.9) and in March 12,196 krooni (779.5).
Salaries increased the most in manufacture, by 4.1 percent in the first quarter. Salaries decreased in financial activities by 26.9 percent, largely due the strong increase in the irregular payments such as bonuses.
Ministry of Finance analysts say that the increase was somewhat smaller than expected in their economic prognosis.
“The further decrease will slow down due to the increase in salaries of exports,” Katrin Reimann, press spokeswoman of the Ministry of Finance, told the press Tuesday. [/private_subscription 4 months] [private_subscription 1 year]The decrease was affected by small demand and the rapid rise in the unemployment, which was caused by the strong economic downturn.
On the other hand by monthly comparison salaries are increasing. In January the average salary was 11,647 krooni (€744.3), in February 11,749 krooni (€750.9) and in March 12,196 krooni (779.5).
Salaries increased the most in manufacture, by 4.1 percent in the first quarter. Salaries decreased in financial activities by 26.9 percent, largely due the strong increase in the irregular payments such as bonuses.
Ministry of Finance analysts say that the increase was somewhat smaller than expected in their economic prognosis.
“The further decrease will slow down due to the increase in salaries of exports,” Katrin Reimann, press spokeswoman of the Ministry of Finance, told the press Tuesday. [/private_subscription 1 year]
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