13 Sep 2023 13:33

Russian Econ Ministry forecasts 3.1% unemployment in 2023-2026

MOSCOW. Sept 13 (Interfax) - The Russian Economic Development Ministry predicts that the minimum level of unemployment will remain at 3.1% over the entire forecast horizon of 2023-2026, a ministry spokesperson told reporters.

The ministry's revised macroeconomic forecast was reviewed and generally approved by the government's budget commission on Tuesday.

The average annual unemployment rate was set at 3.5% for 2023-2026 in the previous April forecast.