Transformations of the Russian Labor Market: First and Second Waves

Abstract

The research significance is determined because over the past three years the Russian labor market has gone through two waves of transformations. The COVID-19 epidemic caused the first wave of transformations, which continued until the end of 2021. The second one, caused by introducing sanctions against Russia, began in February 2022 and continued to this day. The subject of the study is the functioning parameters of the Russian labor market and the major new trends in its development. The paper aims to identify problem areas in the labor market and analyze measures for its development. It also examines the reform of the public employment service and improvement of labor legislation. Information sources: Russian and foreign scientific publications, specialized studies, as well as official open data from the state bodies. The scientific novelty of the study lies in the multidimensional approach to the analysis of the Russian labor market transformation in two waves, trends and for its outlooks growth.