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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
Real wages in Ukraine increased 4.8% y/y in June, accelerating from 1.4% y/y growth in May, the State Statistics Service reported on July 28. The average monthly nominal wage rose to UAH11,579 a month ($434) from UAH10,542 in May, or 9.5% m/m in real terms.
The leading regions for average monthly wages were the city of Kyiv (UAH16,393), Ukrainian-controlled Donetsk (UAH12,445) and Kyiv region (UAH11,795). The largest nominal average wage increase was in “other services” (27.4%), medicine and social services (17.2% y/y), and professional and research activities (12.0% y/y).
Within the industrial sector, the highest growth of nominal wages was in electricity and gas supply (22.9% y/y), water supply (20.0% y/y), and mining and chemicals (6.8% y/y).
The growth of real wages renewed itself quickly as soon as the major
29 UKRAINE Country Report August 2020 www.intellinews.com
