The head of the Central Bank, Elvira Nabiullina, said that the Russian economy uses almost all of its available labor and production capacity, as evidenced by unemployment rates of 3% and lower in some regions. TASS.
“Unemployment is 3% and even less in some areas; This means there are almost no workers left in the economy. The situation for personnel is really serious, especially in industries that have exceeded pre-crisis levels,” Nabiullina said.
According to him, for further economic growth in Russia it is necessary to increase labor productivity. This is especially true for industries where there is a labor shortage, the regulator’s chairman noted.
At the beginning of September, Minister of Economic Development Maxim Reshetnikov also aforementionedAn abnormally low unemployment rate slows economic growth. The Central Bank emphasized that labor shortages are a significant constraint on the supply side.
Labor productivity in Russia before showed The sharpest decline in 14 years