Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Estonia
LFHUTTTTEEM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,000.00
Year-over-Year Change
3.51%
Date Range
1/1/1997 - 5/1/2025
Summary
This trend measures the total monthly unemployment rate for individuals aged 15 and over in Estonia. It is a key indicator of labor market health and a critical statistic for policymakers and economists.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The monthly unemployment total for those 15 and over in Estonia provides important insights into the country's labor market dynamics. It is widely used by analysts to assess employment trends, forecast economic activity, and inform policy decisions.
Methodology
The data is collected through household surveys conducted by the Estonian statistical agency.
Historical Context
This unemployment statistic is closely monitored by the European Central Bank and other institutions to gauge economic conditions in Estonia.
Key Facts
- Estonia's unemployment rate peaked at 20% in 2010 during the global financial crisis.
- The unemployment rate has steadily declined from its high, reaching around 5% in recent years.
- Long-term unemployment remains a challenge, with over 1-in-4 jobseekers out of work for 12 months or more.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly unemployment rate for individuals aged 15 and over in Estonia. It provides a comprehensive view of labor market conditions in the country.
Q: Why is this trend relevant for users or analysts?
A: The Estonian unemployment rate is a critical indicator for assessing the health of the country's labor market and broader economic conditions. It informs policy decisions and is closely monitored by institutions like the ECB.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this unemployment statistic to gauge labor market dynamics, forecast economic activity, and inform policy decisions in Estonia and the broader European context.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into Estonia's labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Estonia (LFHUTTTTEEM647S), retrieved from FRED.