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Putin Reports Record-Low 2.2% Unemployment, Urges Action on Regional Gaps

He cites acute shortages of qualified workers despite very high employment.

Overview

  • Speaking at a State Council meeting, Putin said the employed share of the economically active population reached 97.8%.
  • He called for reducing sharp differences in unemployment levels across Russian regions.
  • Youth joblessness stood at 3.8% in 2024 and has been trending down, according to his remarks.
  • Since 2022, about 2.6 million more people have entered the economy, he said.
  • Putin noted nearly 28 vacancies for each registered unemployed person with a working trade and pointed to national projects and revamped engineering and vocational training to address shortages.