Tuesday, December 07, 2021

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Russia’s labor market recovers pre-pandemic levels

Russia’s labor market recovers pre-pandemic levels

Moscow, Sep 2 (Prensa Latina) The Minister of Labor and Social Protection of Russia, Anton Kotiakov, reported at the Eastern Economic Forum (VEF) in Vladivostok that the country's labor market has returned to levels prior to the Covid-19 pandemic.
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The official explained that according to the latest data published by the Federal State Statistics Service (Rosstat), the current unemployment rate in Russia is 4.5 percent, while the figures were 4.6 to 4.7 percent in August last year.

The minister noted that between 2.8 and 3 million people continue to work remotely in Russia, the TASS news agency reported.

Kotiakov stressed that before the crisis caused by the pandemic, only 30 thousand people worked remotely in Russia, an indicator that increased to 11 percent of the workforce, between five and six million people.

For Kotiakov, the fact that many citizens prefer to continue working in this manner despite the fact that Covid-19 restrictions have been reduced, shows that they see advantages in this format.

‘This trend will influence the labor market in the future,’ said the Russian Labor Minister at the Forum, which will last until September 4th in hybrid format, and whose main theme is New opportunities for the Far East in a changing world.

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