Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Estonia
LFUNTTTTEEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,610.71
Year-over-Year Change
62.34%
Date Range
1/1/1997 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 and older in Estonia. It provides valuable insights into the health of the Estonian labor market and can inform policy decisions.
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
The Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Estonia tracks the overall unemployment rate in the country on a more frequent basis than annual data. This metric is closely monitored by economists and policymakers to assess labor market conditions and employment trends.
Methodology
The data is collected through national labor force surveys conducted by the Estonian statistical agency.
Historical Context
This unemployment rate is used to gauge the strength of the Estonian economy and can inform fiscal and monetary policy decisions.
Key Facts
- Estonia's unemployment rate averaged 7.2% from 2015 to 2020.
- The unemployment rate peaked at 9.2% in 2020 due to the COVID-19 pandemic.
- Youth unemployment (ages 15-24) in Estonia is typically higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 and older in Estonia. It provides insights into the health of the Estonian labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic conditions and labor market performance. It is closely monitored by economists, policymakers, and market analysts to assess the strength of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: The unemployment rate is used to gauge the strength of the Estonian economy and can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, providing more frequent updates than annual data. However, there may be some delays in data reporting and publication.
Related Trends
Consumer Price Index: Harmonized Prices: All Items: Total for Estonia
CPHPTT01EEM657N
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Estonia
LRAC55FEEEA156N
Deposit Money Bank Assets to GDP for Estonia
DDDI02EEA156NWDB
Number of Identified Exporters to Estonia from Idaho
IDESTA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Estonia
ESTCPHP1200GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia
ESTCPHPSE01IXOBM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Estonia (LFUNTTTTEEQ647S), retrieved from FRED.