Russia s unemployment rate reached 6.1% in May according to a statement by Labour Minister Anton Kotyakov on Wednesday. The unemployment rate increased from April s 5.8% which was recorded by Rosstat, the state s statistics services.
In a conference run by the Russian Union of Industrialist and Entrepreneurs, Kotyakov said that the domestic labor market had fared better in the peak of the COVID-19 outbreak than a number of other countries. He added that the domestic labor market is expected to begin recovery in the fourth quarter.
Russia was severely affected by the COVID-19 pandemic, having the world s third-highest number of cases with over 550,000 confirmed.
Last week, Moscow began easing its 2-month lockdown measures. Moscow is Russia s worst-hit area by the pandemic.
Rosstat is expected to release its May s unemployment data on Friday.
https://maxitrade.com/en/russia-s-unemployment-rate-reaches-6-1-percent-for-may