Russian incomes -15%; wages -36%

Doug Henwood dhenwood at panix.com
Sun Sep 19 07:44:46 PDT 1999


[from Johnson's Russia List]

RUSSIANS' REAL INCOMES DOWN 14.8% OVER YEAR - GOVERNMENT

MOSCOW. Sept 17 (Interfax) - Russians' real incomes fell 14.8% over the past year, the government said, comparing statistics for the first eight months of 1998 and 1999.

Real wages have plummeted 35.9%, the Russian Statistical Agency said in a report made available to Interfax.

Calculations based on International Labor Organization methods put the number of unemployed in Russia by September at 9.1 million or 12.4% of the able-bodied population.

Unemployment as registered by Russia's employment authorities by August totaled 1.4 million or 2% of the able-bodied population compared with 2.6% earlier this year.



More information about the lbo-talk mailing list