5 Jun 2023 16:13

Unemployment in Russia hits new all-time low of 3.3% in April - deputy PM

MOSCOW. June 5 (Interfax) - Unemployment rates in Russia as calculated by the International Labor Organization (ILO) hit a new all-time low of 3.3% in April 2023, Russian Deputy Prime Minister Tatyana Golikova said.

"Unemployment rates according to the ILO's methodology hit a new historical low of 3.3 % in April. The number of unemployed registered with job centers stands at 523,000, or 41,000 fewer than at the beginning of the year. The database of the Rabota Rossii website contains more than 1.8 million job offers," Golikova said following a meeting of the interagency working group for responding to the labor market situation.

The number of registered unemployed individuals in Russia currently stands at 518,000, Golikova said on May 26.

She reported at a meeting between Russian President Vladimir Putin and ministers on May 17 that the government was working to provide companies with employees at a time when unemployment rates are low.

In turn, Russian Labor and Social Protection Minister Anton Kotyakov said that the Russian economy would need an additional 2.5 million workers by 2030.