More than 500,000 people registered as unemployed in Ukraine

Source : 112 Ukraine

In Kyiv, the number of unemployed has increased 3.5 times
14:41, 25 May 2020

Number of officially registered unemployed people in Ukraine exceeds 500,000

As of May 20, 2020, the number of unemployed in Ukraine was 501,000 people. This was reported by the press service of Ukraine's State Employment Center.

It is reported that the number of unemployed in May 2020 has increased by 196,000 (64% more than during the same period last year).

"The increase in the number of registered unemployed took place in all regions, most significantly in Khmelnytskyi, Zaporizhia, Poltava, Kyiv, Lviv, Zakarpattia regions (2.1 - 2.3 times) and Kyiv (3.5 times)," the message reads.

Related: Ukrainian govt allocates $221,3 million for unemployment benefits

At the same time, it is reported that 104 thousand people have been employed since the beginning of the quarantine (70,000 of them were unemployed).

As we reported earlier, Ukraine and the International Monetary Fund (IMF) agreed on the new stand-by program (five billion dollars for 18 months).

"All the prerequisites for the beginning of practical work under the IMF program have been met, the fund's money is used to maintain the balance of payments and support the budget," President of Ukraine Volodymyr Zelensky stated during his phone talk with President of Finland Sauli Niinistö.

Related: Ukraine’s Economy Minister opens up on program set to combat unemployment

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