The chairman of the Russian Union of Industrialists and Entrepreneurs and the Federal Ombudsman for Business, Alexander Shukhin, believes that monetary policy easing in the Russian Federation should not be expected until at least February 2027.
This means that next year layoffs are to be expected in the labor market: many companies that previously maintained the number of employees will start making layoffs by switching to a three or four day work week.
The number of unemployed and registered with the employment service increased in 55 regions in September 2026 compared to the same period last year, according to materials following the meeting of the Russian tripartite commission for regulating social and labor relations.