Page 30 - UKRRptJune18

4.4 Labour and income
4.4.1 Labour market, unemployment dynamics
Source: ICU
Unemployment rate (%)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 EFF
6.4 6.4 8.8 8.1 7.9 7.5 7.2 9.3 9.1 9.3 9.4 9.3 8.8
The jobless rate in Ukraine increased to 9.9% in the fourth quarter of 2017 from 8.9% in the same period a year ago. The number of unemployed people rose by 150 thousand to 1,761.3 thousand and employment declined by 473,500 to 15,955,100. Meanwhile, the economic activity rate fell to 61.5% from 62.6%. Unemployment Rate in Ukraine averaged 8.56% from 2003 until 2017, reaching an all time high of 10.60% in the fourth quarter of 2014 and a record low of 6.30% in the third quarter of 2013.
Salaries and wage debts rising. The average nominal salary of a full-time employee in Ukraine in April 2018 increased by 27.3% y/y, to UAH8,480. But UNIAN reports that wage debts in April 2018 increased by 2.1% from March 2018, to UAH2.474bn, or $S$94.7mn, as of 1 May. Delayed wages have grown by 4.4% since the beginning of the year, the State Statistics Service of Ukraine has announced 1 Debts owed to employees of operating enterprises as of May 1, 2018, amounted to UAH1.325bn, or $$50.7mn (103.7% y/y).
Largest wage debtors “named to be shamed.” The Ministry of Justice has published a list of companies with the biggest wage debts. "Let Ukraine know its ‘record breakers.' The government and the justice ministry intend to put an end to this shameful phenomenon of wage arrears," Justice Minister Pavlo
30 UKRAINE Country Report June 2018 www.intellinews.com