Russian jobless rate hits new record low in strained labour market

Aug 30 - Russian unemployment hit a new record low in June and real wages rose by 10.5% year on year in further evidence of a tight labour market, data released on Wednesday showed.

Labour shortages have been aggravated by Russia's military mobilisation last year and the fact that hundreds of thousands of people have left the country since the start of the war with Ukraine, particularly affecting areas such as IT. President Vladimir Putin has addressed the topic of growing inflationary risks twice in the last month, telling the government and central bank to keep the situation under control.

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