The number of unemployed in Russia has dropped to a minimum 11 years

Officially registered unemployment in Russia on October 10 is one million 002 thousand people, which is the lowest figure since 2001., Told the head of the Federal Service for Labour and Employment (Rostrud) Jury hertz.   

Over the last week the number of officially registered unemployed fell by 13 thousand people. Yu.Gertsy noted that this week the unemployment rate fell in 72 regions of the country, and in 7 regions, the situation has not changed.

"The situation on the labor market of the Russian Federation is now stable," — said the head of the Labor Agency. He predicts that by the end of 2012. The registered unemployment rate is below 1 million. According to him, the overall unemployment rate in the country, according to the classification of the International Labour Organization (ILO) is now 5.4 million.
Meanwhile, earlier this week, the World Bank published its forecasts for the standard of living in Russia. Thus, the share of the Russian population with incomes below the subsistence level will decrease from 12.8% in 2011. to 12.2% in 2012. and 12.3% in 2013. According to the World Bank, the number of poor in Russia fell from 18.1 million in 2011. to 17.3 million in 2012. and 17.5 million in 2013.
"Inflation and unemployment have reached lows of the past twenty years. As the purchasing power of the population increased, and the number of employed in the economy has increased, the number of people living below the poverty line in the first half of the year was the lowest since the beginning of the transition period … Such contributed to poverty reduction what foods make up a significant portion of the consumer basket, rose not so much ", — the report of World Bank.

Earlier today it was reported that the unemployment rate in Greece in July 2012. broke a new record, reaching 25.1%. Thus, the figure has grown over the past 35 months. The difficult situation on the labor market worsened in the background taken by the government austerity measures.

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