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Unemployment level in Ukraine might increase by 10%

Source : 112 Ukraine

The number of working people will reduce by a third of a million citizens; this time – the most vulnerable
18:43, 18 September 2020

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In Ukraine, the number of officially registered unemployed people increased by 76% during the quarantine. Currently, the figure makes almost 480,000 citizens, as 5 TV channel reported.

Besides, it is expected that the general level of unemployment will increase by 10%.

Related: Prospects of Ukraine's economy: Unemployment, high inflation, and wage arrears

Thus, according to Deputy Director of Economic Strategy Maria Repko, the number of working people will reduce by a third of a million citizens; this time – the most vulnerable categories of citizens.

“There were 16.6 economically active people who did something and due to the crisis, the government expects that this number will decrease by 300,000. Usually, these people are the most vulnerable. It can be seasonal workers, pensioners, youth, women who raise children alone and faced closed schools due to the quarantine,” Repko said.

Related: Lockdown doubles unemployment rate in Ukraine, - report

Such risks kept for the majority of the world countries. The worsening of the epidemical situation will mean the return to stricter restrictions, including for labor migrants. Concerning Ukraine, the situation will depend on the further development of the pandemic.

“If the second crisis begins, the Ukrainian economy will occur in a much worse situation because, during 2020, the investments dropped so much. The investments are the sources of future economic growth. Wages, pensions and well-being of people,” the message said.

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

As we reported, 25,196 unemployed people officially registered in Kyiv. During the quarantine, the number of unemployed people increased thrice.

 

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