The unemployment rate in Russia fell to the lowest level in history at 2.9% in October 2023. This is proven by analysis of data from national statistical services. RIA News.
Such a low figure allowed the Russian Federation to take fifth place in the world in this parameter. As noted in the publication, lower unemployment rates were recorded only in Switzerland, South Korea, Japan and Denmark – there the figure is 2.5%. Russia is ahead of Mexico in this parameter with 2.7%.
Russian President Vladimir Putin has previously said that unemployment falling below 3 percent is a good sign about the state of the economy. According to him, the current indicators are one of the best in recent years.
It is worth noting that the unemployment rate in Russia decreased by 1 percentage point during the year. This is one of the most remarkable declines seen in the world in a crisis environment. Only a few countries, including Turkey and Greece, recorded higher rates of decline.
Before that, Deputy Prime Minister Tatyana Golikova registered Rapid changes in the Russian labor market.
Early unemployment in Germany updated It has broken a record since 2021, reaching almost 6%.