Unemployment in Ukraine

Ukraine Unemployment | Economic News & Forecasts

Ukraine - Unemployment

Sequential data hints at a fragile recovery in Q3, after the Covid-19 outbreak and associated lockdown measures pummeled activity in Q2. Industrial output continued to shrink in September, although at a softer pace than in August thanks to less downbeat manufacturing and energy production. More positively, retail sales growth was robust in Q3, which, coupled with steadily firming, albeit still weak, consumer sentiment, bodes well for household spending. That said, the persistent rise in Covid-19 cases, which picked up notably in October, prompted the government to extend the adaptive quarantine system until year-end—raising the possibility of tightening restrictions and thus potentially hampering the recovery in Q4. In politics, the 25 October local elections dealt a setback to President Zelensky given the weak results for his party and declining approval ratings.

Ukraine - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate9.1  9.3  9.5  8.8  8.2  

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Ukraine Unemployment Chart

Ukraine Unemployment
Note: Unemployment in % of active population.
Source: State Statistics Committee of Ukraine (Ukrstat).

Ukraine Facts

Value Change Date
Bond Yield19.000.0 %Jul 27
Exchange Rate23.700.30 %Jan 01

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