Labour market cannot accommodate all unemployed in Belarus

According to the Belarus’ Statistics Committee, in late February 2015, there were 136 unemployed per 100 vacancies in labour, employment and social protection agencies. For the first time over the past few years, labour supply exceeded demand – mainly due to reduced demand from companies. The competition on the labour market is expected to grow further, including increased number of job seekers from Ukraine, while wages will grow moderately. Employees will continue cutting working week hours and lay-offs at enterprises will persist. The most qualified workers may consider labour migration outside the CIS market due to the increased wage gap.