He unemployment Russia reached a new all-time low in June and real wages rose 10.5% year-on-year, in a new test of the stickiness of the working marketaccording to data released Wednesday.
The unemployment rate fell to 3.0% of the economically active population, compared to 3.1% of the previous month. Real wage growth was lower than in May (13.3%)but much higher than analyst forecasts (8.3%).
The labor shortage has been exacerbated by Russia’s military mobilization last year and the fact that hundreds of thousands of people have left the country since the start of the war with Ukraine, which has particularly affected sectors such as that of information technologies.
Defense companies are working tirelessly and, according to experts, the military sector has taken workers away from other sectors of the economy, with staff shortages being felt in light industry, chemicals, food and other fields. .
In better news for the central bank: inflation slowed to 0.03% from the 0.09% the week before August 28.
In its latest forecasts, the bank estimated inflation in 2023 between 5.0% and the 6.5%in front of 11.9% last year, and said he was expected to return to his goal of 4% in 2024.
Source: Reuters
Source: Gestion
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