Moscow, March 15 (SocialNews.XYZ) Russia's unemployment rate has dropped to a historic low of 3.6 per cent, President Vladimir Putin said.
"The unemployment rate was at a historic low, even before the pandemic, our unemployment rate was 4.7 per cent, and the latest labour market data (shows) it is 3.6 percent," Xinhua news agency quoted Putin as saying on Tuesday.
"I think nobody expected that. Everyone expected that plants will stop. They are functioning. The unemployment rate goes down. Incomes have a slight uptick. All that leads to growth of domestic trade and its volumes. This is a very good indicator," Putin added.
On a positive note, he said that harvest in the country was a record high in the history of Russia.
"The Agriculture Minister reported to me two days ago that (the harvest) is already about 153-155 million metric tonnes. This is actually the record throughout the contemporary history of Russia and nothing of the kind occurred in Soviet times," Putin added.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz