Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia

While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008.

According to official data, 5% of Russia’s population are now unemployed. This is 2 times smaller than in the US and 5 times smaller than in Europe. This is evidence that Russia’s economy is developing with high tempos.

However, the laws of economy are so that every rise is followed by a fall. The last “fall after a rise” was 5 years ago, when the Russian economy, after having recovered from the hardships that it experienced in the 1990s, slowed down its tempos for a number of reasons.

Still, experts predict that the coming fall, most likely, won’t be very catastrophic.

“Russia’s economy is developing in its own special way, rather different from the Western economy,” Russian analyst Sergey Smirnov says…

via Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia.

In french @ Moniteur de l’Emploi

Russie: le chômage en baisse.