Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Estonia
LRHUTTTTEEM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
1.32%
Date Range
1/1/1997 - 6/1/2025
Summary
The Monthly Unemployment Rate Total: 15 Years or over for Estonia measures the percentage of the Estonian labor force aged 15 and above that is unemployed. This metric is a key indicator of the country's economic health and labor market conditions.
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
This unemployment rate statistic tracks the share of the working-age population in Estonia that is jobless but actively seeking employment. It is an important barometer for monitoring the broader employment landscape and guiding economic policy decisions.
Methodology
The data is collected through nationally representative household surveys conducted by the Estonian Statistical Office.
Historical Context
Policymakers and analysts closely follow this unemployment rate to assess the strength of the Estonian economy and labor market.
Key Facts
- Estonia's unemployment rate averaged 7.8% from 2000-2022.
- The highest recorded unemployment rate was 19.8% in 2010.
- Unemployment has steadily declined since the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Estonian labor force aged 15 and above that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The Estonian unemployment rate is a key indicator of the country's overall economic health and labor market conditions, making it highly relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the Estonian Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Estonian unemployment rate to assess the strength of the economy and inform policy decisions related to labor markets, social welfare, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into the Estonian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Estonia (LRHUTTTTEEM156S), retrieved from FRED.