Labor Market in the Summer of 2022: Trends and Prospects

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.

The unemployment rate continued declining in the summer of 2022, hitting 3.8% by August, which can be explained by the weak effect of sanctions and the outflow of some unemployed men to voluntary military service during the summer months. Despite the fact that the number of vacancies is decreasing, by mid-September the share of respondents who assessed the risks of losing their job next month as low increased. Compared with March of this year, the share of workers who believe it is difficult or very difficult to find a job with similar wages and working conditions declined in September. Unemployed workers were generally more positive about the likelihood of finding a job.

Key words: labor market, unemployment rate, employment, wages, sanctions, Monitoring of the social state.

JEL-codes: J21, J30, J60.