In the second quarter of 2013 the estimated number of unemployed persons dropped to 57,000 and the unemployment rate declined to 8.1 percent, Statistics Estonia said on Wednesday.
Unemployment drops to 10.2 pct in Q2
14th August 2013, 18:28
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According to the Labor Force Survey data, the estimated number of the unemployed decreased by 14,000 persons year-on-year. The unemployment rate both in the first quarter this year and in the second quarter of 2012 was 10.2 percent. Unemployment has been dwindling since 2010.
Comparing both on year and quarter-to-quarter the unemployment of men decreased the most in the second quarter. When usually unemployment among men is higher then in the second quarter the unemployment rate of men and women reached the same level.
The number of long-term unemployed, that is, people who had been looking for a job for one year or more, decreased by 9,000 people on year to 28,000 persons and the rate of long-term unemployment was 3.9 percent in the second quarter.
By age groups unemployment decreased most among the young and middle-aged and less among elderly people. The unemployment rate of persons aged 15–24 was 16.1 percent in the second quarter and compared to the same period last year the number of unemployed persons in this age group declined by about one third.
The employment rate of the population aged 15–74 was 63 percent in the second quarter and the estimated number of employed persons was 645,000.
Economically inactive persons (students, retired persons, homemakers, discouraged persons, etc.) numbered 322,000, which is 8,000 fewer than in the previous quarter, and they made up 31 percent of the population aged 15–74.