| Russia's ILO unemployment rate down 100,000 people in August |
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21/09/2009 12:09 (60 Day 18:56 minutes ago) | |||||
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The FINANCIAL -- According to RIA Novosti, Russia's unemployment rate calculated under International Labor Organization standards fell by 100,000 people to 6.2 million in August, a 1.6% decline month on month, the country's top statistics body said on September 21.
A total of 2.1 million Russian citizens were officially registered with government unemployment agencies, including 1.8 people entitled to unemployment benefits.
Russia has been hard hit by the global economic crisis, with most domestic businesses either laying off personnel or curtailing production amid declining demand.
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