These are better estimates compared to April 2022, when expectations of job cuts were twice as high (30% and 4.8 million jobs, respectively).
The revision is conditioned by the revival of the economy in the territories, which have been liberated and/or the intensity of combat operations, where the intensity of combat operations has decreased during this time.
The conclusions are supported by actual indicators and surveys of enterprises on loading of production capacities, reduction of the number of applicants for 1 vacancy. In particular, according to the state employment service and web portal work.ua, the number of applicants per 1 vacancy has decreased from the peak values, which reached 13 in the second quarter, to 5-9 respectively in September this year.
Of course, the return of employment and unemployment rates to normal levels is only possible after the war ends, the country begins a full-scale reconstruction and our citizens return.
At the same time, during the war we will continue to take all available measures to mitigate the crisis in the labor market, in particular through IDP employment programs, SME grants (єРобота), retraining (re-skilling), involvement in important public works, etc.
PigUA.info by getmantsevdanil