tööturu
Tööturu, literally the labor market in Estonian, refers to the dynamic system in which workers seeking employment and employers offering jobs interact. It encompasses job creation, wage formation, working conditions, and the processes by which labor is supplied and demanded in the economy. In policy discussions, tööturg is used to analyze unemployment, vacancies, skill needs, and mobility among workers and regions.
Key indicators of the tööturu include the unemployment rate, number of job vacancies, labor force participation,
Policy framework for tööturg is shaped by the government through the Ministry of Economic Affairs and Communications.
Characteristics of the Estonian tööturg include a high level of digitalization, with many services available online
Challenges and trends affecting tööturg include skill mismatches and regional disparities, which shape mobility and retraining