REGIONAL LABOR MARKETS: UNSTABLE EQUILIBRIUM

Viktor Lyashok
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Viktor Lyashok: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 6, 49-52

Abstract: In 2016, almost all the main labor market indicators, that is, wages and salaries, the level of the rate of unemployment and the share of part-time employment are close to the levels of 2015. The labor market virtually stands still in a state of shaky equilibrium. However, there are serious regional differences behind the dynamics of those indicators across the country. Though the rate of unemployment in Russia has increased somewhat in the past two years, in more than one-third of regions it fell; similar dynamics were observed in respect of the number of workers transferred to part- time employment. The analysis shows that regions applied various instruments to cut labor costs and that practice helped smooth the general nationwide dynamics of labor market indicators.

Keywords: Regional politic; Labor market; Russian Economy (search for similar items in EconPapers)
JEL-codes: J21 J22 J23 (search for similar items in EconPapers)
Date: 2016
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