Unemployment in the Russian Federation in July 2021 fell to 4.5%. Thus, it became lower than before the pandemic, according to Rosstat data.In March 2020, before the start of the coronavirus pandemic, the country’s unemployment rate was 4.7%. Then there was its growth, caused by the imposed restrictions on business activities. Already in April 2020, unemployment was recorded at 5.8%, and exactly a year ago, in August 2020, there were 6.4% of unemployed in the country.
However, then the unemployment rate began to decline. In July 2021, it made up 4.5% of the Russian population aged 15 and over. The total number of unemployed in the country was 3.4 million. According to the classification used by Rosstat, unemployed are people who do not have a job, but are actively looking for it and are ready to work. Thus, the concept of “unemployed” is separated from the concept of “not working”.
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