Real and shadow unemployment may reach 50% in Ukraine by winter

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August 25, 2015

TASS

Translated by Kristina Rus

“Some people will have delayed paychecks, some people will go to work for one day a week, although on the books they are employed,” – said Ruslan Bortnik

KIEV, August 25. /TASS/. The level of real and shadow unemployment in Ukraine is growing and by winter may encompass half the population of the country.

This was stated at a press conference by the director of the Ukrainian Institute for the Analysis of Policy and Management, Ruslan Bortnik.

“Unemployment can reach the level of 50%  by winter – real and shadow,” – said Bortnik. Speaking of shadow unemployment, the expert explained that “some people will just have delayed paychecks, which is constantly growing, some people will work for one day, although employed on the books”.

He noted that currently in Ukraine “the fall in the labour market is at least 20%, however, by estimates of specialized business associations, this figure is up to 50%”.

As previously reported by the director of the Ukrainian Analytical Center, Alexander Okhrimenko, in August 2015, when the job search is sluggish, about 30 people are competing for one position. During the  year, this figure was even higher.

“In May 2015 there were 40 job seekers, and in January – 56 people. In comparison, in 2013 the number of job seekers ranged around 20 people per position,” – he said. According to Okhrimenko, the official data of the Ukrainian State Statistics on unemployment, according to which at the end of July 2015 the number of unemployed amounted to 9.3%, has nothing in common with reality.

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