Economics
Russia Piles Pressure on Companies as Unemployment Crisis Looms
- Unemployment seen doubling to highest in decade this year
- Employers so far try to limit job cuts under official pressure
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The next economic jolt to Russia will likely arrive by way of the labor market, building in intensity over the coming months and bringing new hardships for a nation already waylaid by a series of shocks.
Joblessness this year is set to more than double from the first quarter and exceed 9% for the first time in more than a decade, according to a Bloomberg survey of analysts in March.