Employment in Russia in 2020: a Controversial Recovery

Занятость в России в 2020 г.: противоречивое восстановление

Andrey Polbin and Nikita Fokin

Russian Economic Development, 2021, issue 4, 74-76

Abstract: In 2020, unemployment in Russia displayed moderate growth over Q2. In Q3 and Q4, in spite of the economic recovery, its index was quite high. Employment was sustained by several factors, in particular the expectations of employers that the pandemic crisis would soon be over. In addition, available estimates indicate that the measures adopted by the government succeeded in keeping down the unemployment in Q2 2020; however, in Q3 and Q4 2020, their effect began to wane. The article was prepared as part of the state research order of the RANEPA.

Keywords: employment; unemployment; GDP; Okun’s law (search for similar items in EconPapers)
JEL-codes: C13 C22 C53 (search for similar items in EconPapers)
Date: 2021
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