Unemployment expected to decrease to 9.1% in 2021 - NBU

Unemployment expected to decrease to 9.1% in 2021 - NBU

The National Bank of Ukraine (NBU) projects that the unemployment rate in Ukraine in 2021 will fall to 9.1% on average and to 8.5% in 2022, according to a quarterly inflation report of the National Bank of Ukraine (NBU) for April 2021.

"According to the National Bank, the unemployment rate will decrease and total 9.1% on average over the year. On the one hand, the resumption of economic activity will help normalize the rate, on the other hand, the decline will be hampered by the growth of business costs for salaries. However, in 2022, unemployment rate is expected to fall to the natural level - 8.5%,” reads the report.

The NBU forecasts that further economic recovery and rising social standards will support higher incomes. The nominal salary will increase by 17.8% in 2021 and 9.7% in 2022; the real salary will grow by 8.6% and 3.9%, respectively.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: