Sanctions Have Not Yet Generated Growth in Unemployment

Victor Yu. Lyashok – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Economic sanctions and the suspension of activities of companies have not yet resulted in a significant increase in unemployment, as most companies retain their workers and continue to pay them all or part of their wages. There are risks of a gradual increase in unemployment due to a decline in hiring.

Key words: labor market, unemployment, economic sanctions.

JEL-codes: J20, J23, J64.