In Russia continues to grow the number of official unemployed persons

the Number of officially registered unemployed in Russia amounted to 2.09 million people. Such data today in the Federation Council was voiced by the head of the Ministry of labor of the Russian Federation Anton Kotkov.

last Wednesday, according to him, the number of official unemployed persons exceeded 1.9 million.

the Minister warned that the growing number of unemployed citizens will make the third quarter of 2020 the most difficult labour market of the country, but “in the fourth quarter dynamics will be stabilized,” according to TASS.

Recall, may 27 Kotkov said that the peak in the number of unemployed in Russia is projected for the third quarter of this year. According to him, the authorities expect a “stabilization” in the labour market only “in the fourth quarter.” “A positive trend we expect to see in the first and second quarter of 2021”, — stated the Minister of labor.

were Earlier published data of Rosstat, according to which the number of unemployed in Russia is calculated according to ILO methodology, increased in April to 4.3 million vs. 3.4 million in March. The increase in the number of unemployed in April 2020 in annual terms (i.e. by April 2019) amounted to 21%, as compared to March 2020 and 23.4%. This implies that the unemployment rate in April was 5.8% of the labour force. This is the highest figure since April of 2016.

Meanwhile, the overall unemployment rate in Russia because of the crisis caused by the pandemic coronavirus, can grow from 4.6% to 8-10% in the short term, analysts say The Boston Consulting Group (BCG).

However, it is expected that by the end of 2020, the situation will begin to improve.

in addition, according to BCG, the reduction of solvent demand of the population in Russia can reach from 2-3 to 9-12% depending on the scale of the crisis.

According to the survey “Levada-center”, which was held in April, a quarter of Russians (25%) experienced delayed payments of wages and redundancies (26%). Almost one third of Respondent orespondents (32%), in the family which is involved, replied that they personally or their family members have already touched upon the problem of reducing wages.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

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