Unemployment Rate in Russia Reached Lowest Level in History

The unemployment rate in Russia in April 2022 was the lowest in history, according to the Russian President, Vladimir Putin, on Tuesday, June 7.  

“I will also note low unemployment. In April, its level in Russia was at historically minimum values, and in May, the number of officially registered unemployed not only did not increase, but even decreased slightly: the unemployment rate in April was 4 per cent, which was the lowest value for the entire observation period,” Putin said at a meeting on economic issues.

On June 1, the General Director of the Labor Research Institute, Dmitry Platygin, said that the favorable situation on the labor market remains in Russia, the unemployment rate in April became the lowest in the last 10 years.

According to him, the growth of hiring in the Russian Federation continues. Jobseekers are in demand in the labor market, as indicated by the growth of employee salaries (16.4 per cent higher than a month earlier).

On May 20, the Deputy Prime Minister of the Russian Federation, Tatyana Golikova, said that in Russia, the number of registered unemployed decreased in the period from May 9 to May 16 by 11,000, to 679.1 thousand people.

Earlier, on May 4, the Head of the Ministry of Labor of the Russian Federation, Anton Kotyakov, said that the situation on the labor market is quite stable. According to him, there are about 3.1 million unemployed people in the country and their number in Russia is not growing.

At the same time, Putin stressed that the support of the labor market in Russia is one of the main activities of the government in the current conditions. On March 19, Russian Prime Minister Mikhail Mishustin signed an order allocating almost 40 billion rubles to support the labor market in the regions.

Ru-Main, 07.06.2022 
Source: Izvestia 

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