Support The Moscow Times!

Unemployment in Russia Rises 15 Percent

However, the current official unemployment rate is half that seen during the economic crisis of 2008-09.

Russia's official unemployment rate has risen 15 percent since the start of the year as the country's economic downturn takes its toll on the labor market, the RIA Novosti news agency reported Thursday.

According to data from the Labor Ministry, the number of unemployed Russians rose from 873,000 people in January to 935,000 people by the end of September.

The highest unemployment rate since the start of the year was recorded in late March, when the number of unemployed people exceeded 1 million.

However, the current official unemployment rate is half that seen during the economic crisis of 2008-09, said Maxim Parshin, deputy head of the Federal Labor and Employment Service.

In addition, the number of vacancies available to be filled by the employment services has almost halved, he said.

Parshin said instability on the jobs market was also reflected in the fact that part-time employment in Russia had risen by 40 percent since the beginning of the year.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more