In this paper, we study the labor market flows of one of the rapid reformers among the transition economies: Estonia. Using a unique dataset that permits measurement of job, worker and unemployment flows, we document and analyze the pace of job and worker reallocation over the period of the most dramatic market reforms. In 1989, the job and unemployment flow rates were essentially zero and the rate of worker reallocation was positive, but primarily reflected workers shuffling among an existing allocation of jobs.