Record underemployment: ultra-low unemployment in Russia points more likely to imbalances in the labor market than to growth in employment and economic activity
The unemployment rate in Russia, according to Rosstat estimates, dropped below 3%, and the number of people employed in the economy increased by 2 million people during the war. Both, however, are rather statistical artifacts. The number of people employed in the productive sectors of the economy, on the contrary, decreased due to the departure of workers who participated in the war and died in it, as well as those who left the country.