Russian corporations reduce job vacancies sharply as financial system worsens

Russian corporations have sharply diminished their demand for employees because the financial scenario within the nation worsens.

Supply: The Moscow Instances, an impartial Amsterdam-based information outlet citing Russian newspaper Kommersant

Particulars: In December, employers reported 1.469 million job vacancies in state employment providers, down 13% year-on-year and down 9% in comparison with November.

The unemployment fee rose from 2.1% in November to 2.2% in December.

The largest fall in labour demand in December was recorded within the Volga Federal District, the place the determine dropped 23% in comparison with final yr to 261,000 vacancies.

Official statistics present demand for workers peaked in mid-2024. In June that yr there have been 2.124 million job vacancies. Since then, the determine has fallen steadily, with small seasonal upticks.

Background: The variety of court docket rulings in prison instances involving property confiscation in Russia rose from 11,000 in 2023 to 31,000 in 2025 and new legal guidelines have widened the scope for confiscation.

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