Employment of young professionals in the Russian labor market: key trends

Lischuk E.N.1, Kapelyuk S.D.1
1 Сибирский университет потребительской кооперации, Russia

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Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 6, Number 3 (July-September 2019)

Citation:

Lischuk, E. N., & Kapelyuk, S. D. (2019). Employment of young professionals in the Russian labor market: key trends. Russian Journal of Labour Economics, 6(3), 1079-1092. https://doi.org/10.18334/et.6.3.40871

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=41243557
Cited: 37 by 30.01.2024

Abstract:
According to official statistics in Russia, there have been decreases in the labor market tightness and unemployment, which have reached the lowest values ever recorded. By studying the literature and analyzing the statistics authors shows that behind the favorable dynamics there are hidden problems of the employment of young professionals in the Russian labor market. Calculations conducted by the authors on the initial data of the Rosstat Labor Force Survey reveal a high level of unemployment among young professionals: 30.2% among university graduates, 33.7% among graduates of vocational educational institutions in 2017. Analysis of indicators of labor force participation and unemployment among young professionals with higher and vocational education shows that most of the problems are related to the lack of labor market experience. An analysis of the unemployment rate among young professionals over the period 2012–2017 reveals that it experiences significant fluctuations depending on the economic situation in the country.

Keywords: unemployment, young professionals, vacancies, hiring, labor market tightness

JEL-classification: J44, J64, J63

Highlights:

  • • Показатели безработицы и напряженности на рынке труда в России достигли рекордно низких значений.
  • • Анализ на уровне отдельных регионов и категорий населения показывает, что проблемы трудоустройства все еще остаются актуальными.
  • • Уровень безработицы среди молодых специалистов значительно превышает уровень безработицы среди всего населения.
  • • По расчетам авторов уровень безработицы среди выпускников высших и средних специальных учебных заведений в 2017 году составлял более 30 %.
  • • Значительное влияние на уровень безработицы молодых специалистов оказывает изменение экономической ситуации в стране.
  • • Причины проблем трудоустройства молодых специалистов: низкое качество подготовки, неоправданные ожидания выпускников и др.

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   The problem of university graduates employment: career competence as a condition for their adaptation to the labour market (Сербина Н.В.) Russian Journal of Labour Economics. Num. 12 / 2021

   Employment of graduates in the Irkutsk region: statistics overview (Балашова Н.В.) Russian Journal of Labour Economics. Num. 5 / 2022

   University graduates employment: changing the priorities of the search for professional realization (Борисова А.А., Белоногов А.А. и др.) Russian Journal of Labour Economics. Num. 3 / 2022

   Employment of foreign students and graduates in the Russian labour market as an element of replenishing the country's labour resources (Рязанцева И.В.) Russian Journal of Labour Economics. Num. 1 / 2022

   IT companies as employers: the impact on graduate employment (Пшеничников Н.В.) Leadership and Management. Num. 3 / 2025

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