Auditors report that young people are “washed out” from the labor market in Russia – up to 29.8% of all employed

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Between December 2021 and December 2022, the number of Russians under the age of 35 decreased by 1.33 million. In this respect Wrote With reference to research based on Rosstat data by RBC, the audit and advisory network FinExpertiza. Prior to this, such a large decrease in the number of workers under 35 was only observed after the results of the 2020 pandemic year. Then the decrease was 1.34 million people.

As a result, in December 2022 the number of young workers in the labor market reached 21.5 million people, or 29.8% of the employed; this is the minimum number for the entire period (since 2006) of current statistics. FinExpertiza noted that the number of young people employed has dropped to a minimum throughout the country’s recent history. The company explained that the aging of the population and workforce has been actively manifesting itself since the 1990s.

The number of employees between the ages of 25 and 29 decreased the most, according to the company. Their numbers decreased by 724 thousand (7.2 million people). The study clarifies that this is an important category of young workers for the economy: they already have work experience, but labor mobility is high. Those born during the 1993-1997 crisis period fell into this age category.

Experts explained the decline in the number of young specialists in the labor market in Russia, with the low birth rate in the 1990s, high unemployment rates among young groups and the exit of young specialists from the country on the basis of a special operation. According to experts, the main danger of the trend is the increased timing of employee selection. According to hh.ru, the search for suitable candidates is delayed by one and a half times.

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