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5.9% unemployment in Eurasian Economic Union space in February against 5.6% in January

YEREVAN, April 7. /ARKA/. Calculations made by using the International Labor Organization’s methodology show that 5.9% of economically active people in the Eurasian Economic Union space were unemployed in February 2015, while one month earlier this indicator stood at 5.6%, the Eurasian Economic Commission reports on its website.

According to the Eurasian Economic Commission’s latest figures, unemployment in Armenia was recorded at 17.1% (the 3rd Q 2014), in Kazakhstan at 5.0% (February 2015) and in Russia at 5.8% (February 2015).

For comparison – the average unemployment rate in the European Union was 9.8% in January 2015 and in the United States 5.5% in February 2015.

The Eurasian Economic Commission says referring to the rates tallied from the lists of jobless people registered by employment agencies that unemployment in Belarus was recorded at 0.8%, in Kazakhstan 0.6% and in Russia 1.3% in February 2015.

In February 2015 compared with February 2014, the number of unemployed people registered in employment agencies in the Eurasian Economic Union space rose 4.5% – in Armenia it increased 21.2%, in Belarus 54.9%, in Kazakhstan 8.0% and in Russia 2.1%.

The number of the job vacancies announced by enterprises and organizations and listed at employment agencies shrank 20.1% in February 2015, compared with the same month a year before, and 7.6, compared with January 2015.

Some 182,500 jobseekers were employed in the Eurasian Economic Union member countries via employment agencies in February 2015. This is 1.4% less than in February 2014 and 43.5% more than in January 2015. Some 309,600 people have been employed since the beginning of this year.

According to the National Statistical Service of Armenia, unemployment went 1.4 percent up in the country in 2014, compared with the previous year, to 17.6%. –0–

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