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Higher cost of materials had the biggest impact on the rise in construction prices last year

Article
According to Statistics Estonia, in 2023, the construction price index increased by 6.1% compared with the average of 2022. In the fourth quarter of last year, the construction price index increased by 0.9% compared with the third quarter. The index increased by 2.2% compared with the fourth quarter of 2022.

Number of unemployed persons up by 8,500 from last year

Article
According to Statistics Estonia, in the second quarter of 2023, the unemployment rate was 6.7%, the employment rate was 69.2%, and the labour force participation rate was 74.2%.

Labour market

Area
The working-age population is broadly divided into three: employees, i.e. employed persons; unemployed persons and economically inactive persons. The employed and the unemployed together form the economically active population, i.e. the labour force. Active job search is any activity to find a job or start a business. The inactive population includes those who do not want to or cannot work, such as housewives, non-working students, people with disabilities, etc. Labour market statistics provide an overview of the labour market situation in Estonia, for example: the employment rate; the number

Number of unemployed persons fell for the second year in a row

Article
According to Statistics Estonia, in 2022, the labour force participation rate was 73.3%, the employment rate was 69.2%, and the unemployment rate was 5.6%. There were 677,400 employed persons, which is the highest number of recent years.