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20-Apr-2009
In recent years, the Estonian labour market was characterized by rising employment, declining unemployment, and skill and labour shortages that contributed to large wage increases. Labour productivity grew rapidly, but the level remains low. While the aggregate labour market outcomes improved, differences persisted among ethnic groups, regions, and workers with different skill levels. As Estonia entered recession in 2008, unemployment increased from 4% in the 2nd quarter to 7.6% in the 4th quarter, and is expected to rise further in 2009 and 2010.
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