°

Putin instructed to ensure the implementation of measures for labour market recovery

Russian President Vladimir Putin instructed the Cabinet to ensure the implementation of measures to restore employment to the level of 2019, by the fourth quarter of 2021, it said in the instructions, published on the Kremlin website.

"The government of the Russian Federation to ensure implementation of measures aimed at recovery (up to 2019) number of employed population by the fourth quarter of 2021," reads the document.

In accordance with the published instructions, a report thereon should be prepared before September 1, 2020, and beyond – on a quarterly basis.

Putin on June 23, during a televised address instructed the government and regional authorities in contact with the Central Bank of the Russian Federation to take the necessary measures to 2021, fully restore the labor market. He noted that the number of unemployed should return to pre-crisis level, but better - to fall even further.

According to Rosstat, in may 2020, 4.5 million people aged 15 years and older, or 6.1% of the labor force were classified as unemployed. The last time unemployment in Russia to 6% was registered in the spring of 2016. In General, the level of unemployment in Russia did not exceed the level of 5% from February 2018 and August 2019 was reached a historic low of 4.3%. As unemployed at the employment service of the population in may was 2.1 million (2.8 times more than in may 2019).