7 Oct 2022 20:28

Level of unemployment registered in Russia decreases to 0.8% - Russian deputy PM

MOSCOW. Oct 7 (Interfax) - The number of unemployed people registered in Russia has decreased from 0.9% to 0.8% of the total number of eligible employees, Russian Deputy Prime Minister Tatyana Golikova said after a meeting of the interdepartmental working group on labor market recovery.

The number of unemployed people has decreased by 25,000, she said.

"We continue closely following the current situation on the labor market. According to operative monitoring data, the number of registered unemployed people has decreased by 25,000 to 621,400 people. The registered unemployment level has decreased to 0.8%," Golikova was quoted by her office as saying.

Before that, the registered unemployment level stayed at a level not higher than 0.9%. As of September 23, the number of registered unemployed people reached 646,500.

It was also reported that the number of employees between jobs decreased by 4,600 to 89,800 people in the period from September 19 to October 3, and the number of citizens working incomplete hours and incomplete working weeks decreased by 4,200 to 114,900.

Additionally, more than 2.4 million vacancies are available to job seekers on the site Rabota v Rossii (work in Russia). The number of vacancies is almost four times the number of registered unemployed citizens.

According to the Federal State Statistics Service (Rosstat), the unemployment level in Russia decreased to 3.8% in August, reaching a new historical low. Before that, it had been steady at 3.9% since May, which was the minimal level since 1991.

The unemployment rate in Russia was four percent in April, against 4.1% in March and February, and 4.4% in January.

The total number of unemployed people in Russia reached 2,855,000 in August 2022, which is 45,000 fewer than in July 2022.