Regional Labor Markets: Unstable Equilibrium
Russian Economic Developments. Moscow, 2016, pp. 49-52
4 Pages Posted: 28 Jun 2016
Date Written: June 27, 2016
In 2016, almost all the main labor market indicators, that is, wages and salaries, the level of the rate of unemployment and the share of part-time employment are close to the levels of 2015. The labor market virtually stands still in a state of shaky equilibrium. However, there are serious regional diﬀerences behind the dynamics of those indicators across the country. Though the rate of unemployment in Russia has increased somewhat in the past two years, in more than one-third of regions it fell; similar dynamics were observed in respect of the number of workers transferred to part-time employment. The analysis shows that regions applied various instruments to cut labor costs and that practice helped smooth the general nationwide dynamics of labor market indicators.
Keywords: Russian economy, labor market
JEL Classification: J21, J22, J23
Suggested Citation: Suggested Citation