(PUBLISHED IN THE BALTIC TIMES) Chief analyst of the Statistics Board Siim Krusell noted that in 2011, job opportunities improved in Estonia and the decline in real pay was stopped, but the share of long-term unemployed people among all unemployed persons increased, reports National Broadcasting.
Krusell noted in his analysis that the assessment on whether Estonia has been successful in overcoming the crisis or not largely depends on which indicators are used. According to him, attention needs to be paid on the social welfare sector, and not just on economic indicators.
In 2010, the number of available jobs started growing, but the tally remained far behind the level of job vacancies in 2008.
In 2011, the average unemployment rate fell to 12.5 percent – lower than in the first crisis year of 2009 when the unemployment rate was 13.8 percent. The number of unemployed persons fell until the third quarter of 2010, and after that quarter the number has stayed rather stable at approximately 70,000-80,000.
The share of long-term jobless persons among all unemployed persons has increased and they accounted for more than half of all unemployed individuals.
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Posted on 10 de September de 2012
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