Unemployment in Ukraine grows by 64%

At the same time, the number of vacancies is 51,000.

Employment office / Photo from UNIAN

Employment office / Photo from UNIAN

Ukraine's State Employment Service says the number of unemployed in Ukraine grew by 64% as of May 20, 2020, against the figure as of May 20, 2019, to 501,000 people.

"As of May 20, 2020, the number of unemployed is 501,000, which is by 196,500, or 64%, up year-over-year," the report says.

At the same time, the number of vacancies is 51,000. This is almost 55% fewer than last year, the report said.

Read alsoZelensky proposes "payment holidays" for small and micro businesses

The average wage for existing vacancies is UAH 7,000 (US$262).

Today there is a demand in the processing industry (17% of the total number of vacancies), trade (15%), transport, and courier services (11%).

As UNIAN reported earlier, the National Bank of Ukraine (NBU) says the introduction of the coronavirus-related quarantine in the country will not have a significant impact on the unemployment indicator for the first quarter of 2020 (Q1), but the rate may significantly rise, to 11.5%, in Q2.

Related news

Ukrainians have almost US$16.7 bln in cash hryvnia equivalent

Since the year's start, the amount of cash outside the banking system grew by 16.7%.

Ukraine sees cut in industrial prices by almost 5% in six months.

Producers in mining and quarrying sectors slashed prices most.

Ukraine’s infrastructure minister, ambassador of Turkmenistan discuss resumption of flights.

Infrastructure Minister of Ukraine Vladyslav Kryklii has met with Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Ukraine Toyly Atayev to discuss the possibility of resumption of flights.

EBRD to provide EUR 25 mln loan to Ukraine's air navigator.

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to EUR 25 million to Ukrainian State Air Traffic Services Enterprise (UkSATSE), Infrastructure Minister Vladyslav Krykliy has said.

1

Deposits in Ukraine's banks in June up 4% in hryvnia, down 1.

The balance of hryvnia loans in June alone increased by 0.3%.

2 4

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies