Unemployment in Estonia

Looking at the data from the official Estonian statistical office - Statistics Estonia, it can be seen that the unemployment picture in Estonia is improving.

Out of a population of 1.34 million people, the official unemployment seems to have reached a peak at about 140 thousand - if the economy won't double dip. The really interesting number is the year over year rise in quarterly unemployment, in the second quarter of 2009 it was almost 250%! Now that is a per cent rise in unemployment only austerity can cause.

A chart to illustrate this:

Estonian Unemployment and YoY % change

Coming up some more charts from data about Estonia.