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23 August 2021, 07:03

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Photo by E. Samarin.

The number of vacancies exceeds the number of applicants by more than 6.5 times.

The unemployment rate in the capital fell to 0.55 percent, the lowest since April 2020. These figures were cited by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

“The process of economic recovery in Moscow has a positive impact on the city’s labor market. Since the beginning of 2021, the registered unemployment rate in the capital has been steadily decreasing and has lost 0.77 percentage points since January 1. During this period, about 59 thousand people were employed, the number of unemployed now is no more than 39.9 thousand people. In addition, the number of employees who are idle, part-time and unpaid leave has decreased by 9.6 percent since the beginning of 2021 and amounted to 97.6 thousand people by mid-August, ”he said.

From April 2020 to July 2021, the largest number of employees were hired in the software development, healthcare, trade and construction sectors.

According to Kirill Purtova, Minister of the Moscow Government, head Department of Economic Policy and DevelopmentOver the past year, the number of vacancies has increased by 79 percent, while the number of resumes has decreased by 12 percent.

“In July 2021, the level of tension in the skilled labor market – the ratio of the number of resumes to the number of vacancies – decreased by 32 percent compared to July 2019, and by 51 percent by July 2020,” he said.

Today the number of vacancies exceeds the number of job seekers by more than 6.5 times. In the open database of the employment service, you can find over 390 thousand offers for people with different levels of education and qualifications.

Supervisor Department of Labor and Social Protection of the Moscow Population Evgeniy Struzhaknoted that now it is safe to say that the Moscow market has recovered and the number of vacancies is almost 2.5 times more than before the pandemic. The leader in terms of vacancies is the segment of wholesale and retail trade. IT specialists are also in demand: the demand for them exceeds supply by almost 27 times.

“High recruitment activity remains in the construction industry and the housing and communal services sector for blue-collar occupations. We offer people real help in finding a job and prepare candidates as much as possible for the requirements of the labor market, ”added Evgeniy Struzhak.

Anyone can find a job in the capital, but offers do not always meet expectations. Therefore, the city needs to increase the share of highly paid jobs for highly qualified specialists. To this end, the Industrial Quarters project is being implemented in Moscow, within the framework of which new districts appear in place of abandoned industrial zones, where public and business spaces and modern production facilities are being created.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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