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Labor Market in the Summer of 2022: Trends and Prospects
[Рынок Труда Летом 2022 Г.: Тенденции И Перспективы]

Author

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  • Victor Yu. Lyashok

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The unemployment rate continued declining in the summer of 2022, hitting 3.8% by August, which can be explained by the weak effect of sanctions and the outflow of some unemployed men to voluntary military service during the summer months. Despite the fact that the number of vacancies is decreasing, by mid-September the share of respondents who assessed the risks of losing their job next month as low increased. Compared with March of this year, the share of workers who believe it is difficult or very difficult to find a job with similar wages and working conditions declined in September. Unemployed workers were generally more positive about the likelihood of finding a job.

Suggested Citation

  • Victor Yu. Lyashok, 2022. "Labor Market in the Summer of 2022: Trends and Prospects [Рынок Труда Летом 2022 Г.: Тенденции И Перспективы]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 77-81, November.
  • Handle: RePEc:gai:recdev:r2298
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    More about this item

    Keywords

    labor market; unemployment rate; employment; wages; sanctions; Monitoring of the social state;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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