In 2023, Russia ranked fourth among 34 European nations when judging unemployment levels, a finding drawn from an ILO-based study reported by RIA News. Across the analysed group, 19 countries recorded a rising unemployment trend, underscoring varied economic challenges across the continent. Russia has seen a notable decline in joblessness over recent years, with the rate easing from 3.7% at the close of 2022 to 2.9% by the end of 2023, signaling a healthier labour market amid evolving conditions.
Looking at the regional snapshot for year-end 2023, Malta posted the lowest unemployment rate at 2.5%, followed closely by the Czech Republic at 2.6% and Poland at 2.8%. In contrast, Spain reported the highest rate among the group at 12%, while Greece stood at 9.6% and Sweden at 8%—figures that highlight enduring divergences in European labour markets.
Analysts point to several factors behind higher unemployment in parts of Europe. The lingering impact of COVID-19 quarantines disrupted hiring patterns, while inflation and supply-chain disturbances added pressure on firms. Additionally, some European enterprises reduced collaboration with Russia in energy-related activities, contributing to a more cautious hiring environment in certain sectors.
Earlier assessments in Russia included calculations of the pool of individuals available for employment, reflecting ongoing efforts to gauge labour market potential and identify areas for policy support and vocational training to address mismatches between skills and open roles.