Russian companies cut job vacancies sharply as economy worsens

Russian companies have sharply reduced their demand for workers as the economic situation in the country worsens.

Source: The Moscow Times, an independent Amsterdam-based news outlet citing Russian newspaper Kommersant

Details: In December, employers reported 1.469 million job vacancies in state employment services, down 13% year-on-year and down 9% compared to November.

The unemployment rate rose from 2.1% in November to 2.2% in December.

The biggest fall in labour demand in December was recorded in the Volga Federal District, where the figure dropped 23% compared to last year to 261,000 vacancies.

Official statistics show demand for staff peaked in mid-2024. In June that year there were 2.124 million job vacancies. Since then, the figure has fallen steadily, with small seasonal upticks.

Background: The number of court rulings in criminal cases involving property confiscation in Russia rose from 11,000 in 2023 to 31,000 in 2025 and new laws have widened the scope for confiscation.

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