Unemployment rate goes down in Russia

The official unemployment rate in Russia has dipped by 3.9 percent to 992,320 persons, the Labor and Social Protection Ministry reports.

"The number of unemployed citizens registered at job offices declined by 3.9 percent or 40,483 persons from September 26 to October 25, 2012, and stood at 992,320 as of October 25, 2012," the report said.

The unemployment rate went down in the reporting period in 73 regions. "The decline was the biggest in the Republic of Kalmykia, the Republic of Tuva, the Perm territory, the Jewish autonomous district, the Kostroma, Ryazan and Kurgan regions," it said.

Meanwhile, the unemployment rate grew in ten regions, namely, the Chukchi autonomous district, the Kamchatka territory, the Murmansk, Amur and Kemerovo regions, the Yamal-Nenets autonomous district, Tatarstan, Ingushetia, Chechnya and Chuvashia," it said.

Deputy Labor and Social Protection Minister Tatiana Blinova said in early September that Russia had more than four million jobless people, while the official unemployment rate was four times smaller. It was also reported that the ministry would spend approximately 600 billion rubles on solving the problem.

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