Russia faces chronic labor shortage, says Eurasian Development Bank

2025-10-20 12:12

The labor shortage in Russia has reached a chronic level, fueled by a shrinking workforce, population aging, and declining birth rates, according to a new report by the Eurasian Development Bank (EDB).

Despite a 4-million increase in employment from 2010 to 2024, the unemployment rate fell to a historic low of 2. 2% in May–June 2025. .

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russia faces chronic labor shortage says eurasian development