Page 22 - UKRRptApr19

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
4.4.2 Nominal wages dynamics
Ukraine’s average monthly wage, as measured in dollars, has doubled in three years, to $380 , Prime Minister Groysman said. The minimum wage, received by a minority of workers, has tripled, from $50 in 2016 to $150 today. He said: “The current size is not big, but we are moving forward.”
Ukraine real wage growth accelerates to 11% y/y in February. Real wages in Ukraine grew 10.7% y/y in February, accelerating from a 9.5% y/y January advance, the State Statistics Service reported on March 28.
The average monthly nominal wage amounted to UAH9,429 a month ($347), increasing from UAH9,223 in January, or 1.7% m/m in real terms.
The leading regions for average monthly wages remained the city of Kyiv (UAH14,513), the Ukrainian-controlled Donetsk region (UAH10,512) and the Kyiv region (UAH9,812). The largest nominal average wage growth was in science and technology activities (37% y/y), financial and insurance activities (26% y/y) and construction (26% y/y). Within the industrial sector, the highest nominal wages were in pharmaceuticals (UAH18,829), mining (UAH13,585), and electricity and natural gas supply (UAH12,310). Evgeniya Akhtyrko:
22 UKRAINE Country Report April 2019 www.intellinews.com