Töötusmäära

Töötusmäära is the Estonian term for the unemployment rate. It is a key economic indicator that measures the proportion of the labor force that is jobless and actively seeking employment. The unemployment rate is typically expressed as a percentage.

Calculating the unemployment rate involves dividing the number of unemployed individuals by the total number of employed and unemployed individuals (the labor force) and then multiplying by 100. Data for this calculation is usually gathered through surveys conducted by national statistical offices. In Estonia, this is the Statistics Estonia.

A high unemployment rate can indicate a struggling economy, while a low rate generally suggests a healthy labor market. Central banks and governments often monitor the unemployment rate closely as it can influence monetary policy, fiscal policy, and social welfare programs. Factors influencing the unemployment rate include economic growth, technological advancements, seasonal employment patterns, and government policies related to labor markets. Changes in the unemployment rate can have significant social and economic consequences for individuals and the wider society.