Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Claus Vistesen and I also have a number of country briefings and study papers available for download in PDF format. The latest are:

Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate

The ECB's Balance Sheet At A Glance.

Wednesday, December 5, 2007

Russian Unemployment 2007

A comparatively warm winter last year, an increasing demand for labor in the principal economic sectors and a declining working-age population have all contributed to produce a significant and lasting reduction in unemployment. The average unemployment rate (using the ILO definition) fell to 6.3 percent in the first three quarters of the year, compared to an average of 7.3 percent registered during the corresponding period of 2006. By September 2007 the unemployment rate had decreased to 6 percent (see chart below).

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