Estonia's unemployment rate stood at 5.1 percent in the second quarter of 2019, the same as in the corresponding period last year, as the number of unemployed decreased by 100 to 35.7 thousand while the number of employed rose by 1.1 thousand to 667.7 thousand. The labor force participation rate fell to 71.7 percent from 71.9 percent in the same period of 2018 and the employment rate edged down to 68.1 percent from 68.2 percent. Unemployment Rate in Estonia averaged 8.21 percent from 1989 until 2019, reaching an all time high of 19.50 percent in the first quarter of 2010 and a record low of 0.50 percent in the second quarter of 1989.
Unemployment Rate in Estonia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Estonia to stand at 4.20 in 12 months time. In the long-term, the Estonia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.