Staffing Gaps: war and sanctions have led to a worker shortage in Russia despite record low unemployment
Unemployment in Russia is at a record low of just 3.6% (seasonally adjusted). Although, typically, during times of crisis unemployment increases, the country has witnessed a decline in unemployment rates. This has been brought on by a number of factors such as high levels of emigration, an ageing and naturally declining population, ‘partial mobilisation’, a reduction in production output and the withdrawal of large Western businesses from the Russian market.