Wages and salaries and labour costs

In the 2nd quarter, the number of job vacancies exceeded 9,000

news release no 103

According to Statistics Estonia, there were about 9,500 job vacancies in the enterprises, institutions and organisations of Estonia in the 2nd quarter of 2016. The previous time when the number job vacancies exceeded 9,000 was in 2008. The number of job vacancies increased by 15% compared to the previous quarter and by 13% compared to the 2nd quarter of 2015.

Diagram: Rate of job vacancies by economic activity, 2nd quarter, 2015–2016

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In the 2nd quarter, the rise in average monthly gross wages and salaries decelerated

news release no 96

According to Statistics Estonia, in the 2nd quarter of 2016, the average monthly gross wages and salaries were 1,163 euros and the average hourly gross wages and salaries were 6.91 euros. Compared to the 2nd quarter of 2015, the average monthly gross wages and salaries increased by 7.6% and the average hourly gross wages and salaries by 4.5%. In the 2nd quarter, the annual growth of average monthly gross wages and salaries was slightly slower than in the 1st quarter of 2016.

Diagram: Average monthly gross wages and salaries and their change by economic activity

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Wages and salaries

article
Margarete Elings
– Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 172)

After Estonia joined the European Union (EU) in 2004, wages rose steadily until 2008. The following year, the recession that had set in led to a fall in wages. The wage level of 2008 was exceeded again in 2011, when Estonia joined the euro area. By now, wages and salaries have been rising already for five years in succession.

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In the 1st quarter, the number of job vacancies increased

news release no 68

According to Statistics Estonia, there were about 8,300 job vacancies in the enterprises, institutions and organisations of Estonia in the 1st quarter of 2016. The number of job vacancies increased by 25% compared to the previous quarter and by 14% compared to the 1st quarter of 2015.

Diagram: Rate of job vacancies, 1st quarter 2007 – 1st quarter 2016

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In the 1st quarter, the increase in average monthly gross wages and salaries accelerated slightly

news release no 60

According to Statistics Estonia, in the 1st quarter of 2016, the average monthly gross wages and salaries were 1,091 euros and the average hourly gross wages and salaries were 6.86 euros. Compared to the 1st quarter of 2015, the average monthly gross wages and salaries increased by 8.1% and the average hourly gross wages and salaries by 7.7%. In the 1st quarter, the average annual growth of monthly gross wages and salaries was slightly faster than in the 4th quarter of 2015.

Diagram: Average monthly gross wages and salaries

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