Correlation analysis of institutional factors of unemployment trends in Russia

Abstract

Subject. The article addresses unemployment, supply and demand in the labor market of the Russian Federation. Objectives. We analyze the institutional nature of unemployment in Russia. Methods. The study draws on methods of vertical, horizontal, institutional, graphic, and comparative analysis. Results. The exploration of institutional factors of the Russian labor market enabled to formulate its main feature, i.e. low level of unemployment with low wages. Conclusions. The quality of workforce will fundamentally improve the situation of the employed population in Russia and increase incomes of specialists in accordance with the socio-economic conditions for expanded reproduction of human capital.