Ukrainian unemployment is preparing to retreat // ILO has improved the forecast of the country’s labor market

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At the end of 2022, the labor market of Ukraine may lose only about 15.5% of its jobs, which is almost half the reduction predicted by the International Labor Organization (ILO) at the beginning of Russia’s military operation in this country. Analysts explain the improvement in the forecast by “the counteroffensive of the Ukrainian army and the return of part of the territories with industries under the control of the Ukrainian government.” At the same time, further growth in employment will also depend on the rate of return to the country of its refugee citizens now in Europe.

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