Mishustin called the situation on the labor market stable

The unemployment rate in Russia fell to a new historical low of 3.7% in November, the situation on the labor market remains stable, Prime Minister Mikhail Mishustin said.

“The situation on the labor market continues to be stable. In November, unemployment hit a historic low of 3.7%. This is largely the result of the work that was done jointly with the deputies of the State Duma, the senators of the Russian Federation in the face of unprecedented sanctions,” quotes Prime Minister press service of the Cabinet.

Bank of Russia in early December informedthat unemployment in the country has updated a historical low. At the same time, the regulator emphasized the growing shortage of labor in many industries due to partial mobilization, which was announced on September 21.

According to Rosstat, the unemployment rate in Russia reached in August 3.8% – the lowest value of this indicator for the observation period since 1991. In September and October, unemployment remained at around 3.9%. At the same time, in mid-September, Russian President Vladimir Putin during a meeting on economic issues said that the number of people at risk of being fired from work is growing in the country, despite the stable situation in the Russian labor market.

As informed In early November, VTsIOM, the unemployment index in Russia dropped to a record low of -49 points in September.