Unemployment Rate in Russia Decreased to Pre-Pandemic Level

The unemployment rate in Russia has decreased to pre-pandemic indicators and is currently 4.4 per cent, according to the methodology of the International Labour Organization. The Minister of Labour and Social Protection of the country, Anton Kotyakov, stated that less than 850 thousand unemployed are currently registered in employment centres.  

Picture: RIA Novosti

“In the Russian Federation, the labour market has recovered to the pre-pandemic indicator, it really is. The unemployment rate according to the methodology of the International Labour Organization is now 4.4 per cent, while citizens registered in employment centres are less than 850 thousand people today,” Kotyakov said.

As reminded, in June, the Minister reported that by the end of 2021, unemployment should fall to the pre-crisis figure of 4.6-4.7 per cent. According to him, the total number of working citizens in Russia, as of today, is 72.3 million people. According to Federal Statistics Service (Rosstat), the number of unemployed in Russia in 2020 amounted to about 4,321 million people, which is 24.7 per cent higher than the previous year (with the total share of unemployed among the working-age population in 2020 of 5.9 per cent).

Ru-Main, 14.10.2021
Source: TASS

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