Posts tagged as Unemployment Insurance Fund

Statistics: Unemployment drops to 8 percent between April and May

Friday, June 11, 2021

Reported unemployment in Estonia fell 0.5 percentage points between April and May, to 8 percent. Data from the Unemployment Insurance Fund (Töötukassa) put registered unemployed at 52,362 at the end of May. The fund had 13,095 jobs on offer at the beginning of May, nearly halving to month’s end to 6,874, suggesting that uptake was behind part of the fall in joblessness. Unemployment figures cover the workforce from age 16…

Unemployment rate down to 8.5 percent in April

Monday, May 10, 2021

The number of registered unemployed in Estonia was 55,865 at the end of April, making up 8.5 percent of the total number of workforce from age 16 to retirement age, 0.3 percentage points lower than in March. The number of newly unemployed persons registered during the month was 5,143, compared with 11,363 newly unemployed persons registered in April 2020. In March, the number of people registered as unemployed was 7,308,…

Estonian Unemployment Insurance Fund starts paying out wage compensation

Wednesday, April 7, 2021

The Estonian Unemployment Insurance Fund on Wednesday started executing payouts of the wage compensation made available by the government to the sectors worst affected by the new restrictions. On Wednesday, payouts were made to the first 5,400 employees. The average size of the compensation per person was €670 gross and the total gross amount of the compensations was close to €3.7 million. The majority of the applications granted as first…

Unemployment Insurance Fund to send wage compensation bill to Estonian government

Thursday, March 4, 2021

The Unemployment Insurance Fund’s (töötukassa) council’s chairman Peep Peterson has said the council will gather on Thursday (March 4) to specify the sectors which need compensation in March. The draft legislation will then go directly to the government for approval on the same day. “We have submitted two packages to the government before. One of them was that the situation will get worse and the economy needs to be closed.…

Estonia: Registered unemployment up half a percentage point for September

Monday, October 12, 2020

There were 49,093 registered unemployed in Estonia by the end of September, making up 7.6 percent of the entire workforce of people aged 16 and over. Compared to August, the increase in the number of unemployment is 0.5 percent. The highest rate of unemployment in September was in Ida-Viru County at 12.2 percent and the lowest was in Jõgeva County at 4.7 percent. There were 8,352 new unemployed people registered,…

State to raise benefits for unemployed entrepreneurs next year

Monday, October 5, 2020

The government is planning to increase the benefit for unemployed people starting a business through the Unemployment Insurance Fund (Töötukassa) to €6,000 to encourage entrepreneurship. The government’s draft explanatory memorandum notes that currently, unemployed people starting their business receive €4,474 but the rate has remained the same for more than ten years and is not enough to cover costs for a freshly founded business. €3 million will be allocated to…

Estonia’s registered unemployment at 4.5% in June

Tuesday, July 10, 2018

The number of registered unemployed in Estonia was 29,489 at the end of June, marking an increase of 0.12 % compared with the same time a year ago, and made up 4.5% of the total number of workforce from age 16 to retirement age, informed LETA/BNS according from figures published by the Unemployment Insurance Fund. Of the registered unemployed, 9,556 people or 32 % were persons with limited capacity for…

Estonia’s registered unemployment grew by 2.6% in March

Tuesday, April 10, 2018

The number of registered unemployed in Estonia stood at 33,268 at the end of March, marking an increase of 2.6% compared with the same period last year, and made up 5.1 of the total number of workforce from age 16 to retirement age, which is 0.1 percentage points more than in March 2017, informs LETA/BNS. Of the 33,268 registered unemployed, 10,233 people or 19.2% more than in March 2017 were…