The unemployment rate in the Russian Federation has again reached its lowest level in history. This has been reported Web site Central Bank of the country.
As stated in the statement, the recovery process of the Russian economy is slowly being completed. This fact means that growth may slow down in the future due to “supply-side constraints.”
“This relates primarily to the situation of the labor market, where the inadequacy of available labor resources is increasing,” the text says.
According to the regulator, unemployment in the country is currently at its lowest level in history. At the same time, among the reasons for the corresponding phenomenon, the Central Bank identified low geographical mobility of the population and low intersectoral mobility of healthy citizens. The financial institution explained that these facts are an additional structural limitation.
It is also evident from the regulator’s statement. accepted The decision to increase the inflation forecast for 2023 in the country. Now this figure is around 6-7 percent. At the same time, inflation is expected to return to 4% next year, which will be facilitated with the help of the authorities’ monetary policy.
Previously reportedHe said that in July 2023, the unemployment rate in Russia had fallen to 3%.