Monday, November 14, 2011

That's A Real Labor Market Recovery

Employment in Estonia rose as much as 8.6% in the year to the third quarter. If employment growth had been that fast in the U.S., it would have a million new jobs per month.

The unemployment rate is still fairly high at 10.9%, but is down from a peak of 19.8% in the first quarter of 2010. And if employment growth continues at this rate, and indeed even if it slows down, Estonia will soon see its unemployment rate fall below the EU average.


Post a Comment

<< Home