Page 16 - RusRPTNov23

Unemployment rate: The war in Ukraine has siphoned off a lot of labour leaving the labour market extremely tight. That has driven unemployment rates down to historical lows.
“analysts have lowered the forecast for 2023-2025 by 0.1-0.2 p.p. to 3.1%, 3.2% and 3.3%, respectively. According to their expectations, the unemployment rate will rise to 3.5%,” the CBR said.
16 RUSSIA Country Report November 2023 www.intellinews.com