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Labor market dynamics in Russia in 2021

Author

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  • Podverbnykh Ulyana

    (RANEPA)

Abstract

The COVID-19 pandemic crisis had a significant impact on the Russian economy. After multiple shocks caused by 2020 coronavirus pandemic and the worsening economic situation in the country, the Russian labor market showed a stable positive trend in 2021. In 2020, the number of people employed decreased by 1,332,000 or by 1.9% compared to 2019. However, gradual employment growth began in October 2020 and continued through all 12 months of 2021, reaching a pre-crisis value of 7,231,700 by December 2021

Suggested Citation

  • Podverbnykh Ulyana, 2022. "Labor market dynamics in Russia in 2021," Published Papers ppaper-2022-1221, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1221
    as

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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1221.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; labor market; unemployment; employment;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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