Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Estonia
LRUN64TTEEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.82
Year-over-Year Change
51.84%
Date Range
1/1/2000 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Estonia measures the percentage of the Estonian working-age population that is unemployed. This metric is crucial for analyzing labor market dynamics and informing economic policymaking.
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 data series tracks the unemployment rate for Estonians aged 15 to 64, providing a detailed view of the country's labor force. It is used by economists, policymakers, and analysts to assess the health of the Estonian economy and inform decisions around employment, workforce development, and social programs.
Methodology
The data is collected through household surveys conducted by the Estonian statistical agency.
Historical Context
This unemployment rate statistic is widely referenced by international institutions, governments, and market participants when evaluating Estonia's economic performance.
Key Facts
- Estonia's unemployment rate averaged 7.5% from 2010-2020.
- The unemployment rate peaked at 18.6% in 2010 following the global financial crisis.
- Estonia's unemployment rate has fallen steadily since 2010 as the economy has recovered.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate for the working-age population (15-64 years old) in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The Estonian unemployment rate is a key indicator of labor market health and economic performance, used by policymakers, economists, and market participants to assess the country's economic conditions.
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 institutions reference this unemployment rate statistic when evaluating Estonia's economic performance and informing decisions around employment, workforce development, and social programs.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (more frequent than annual) basis, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Estonia (LRUN64TTEEQ156S), retrieved from FRED.