The monthly decrease in average incomes during the spring this year could be about 5-6%. Employment. In this January in major Russian cities the average unemployment rate was 9.3%. Compared with January last year, unemployment has increased by almost 26%. Certainly, major factor in the growth of unemployment today is a spontaneous process of downsizing as a result of deteriorating financial performance of companies. In the last three months lay-offs affected virtually all business areas, weekly jobless became tens of thousands of people. Often, these dismissals were based on sheer panic managers seeking to optimize their business by any means. If this has piqued your curiosity, check out Barclays.
Naturally, primarily affected office workers that are not in the main production. As office specifics of the work is characterized by large cities, their population has fallen principal "punch element. In January, markedly while the share of entrepreneurs, leading his own business. In December, their share in low-income segment (up to 25,000 rubles per person per month) was 15%, and in January dropped to 12%. In the middle income group (25000-50000 rubles per person month) about 5% of entrepreneurs have completed their business: their share fell from 44% to 39%.
These changes are commensurate with the overall decline in the number of jobs in most industries. Over the remaining job cuts in major cities in the crisis affected service industries: advertising, consulting, financial services, insurance, real estate and other non-manufacturing sectors. Savings. In January, was first detected household income exceeding their current expenditures. This means that the family began to spend on current consumption by previously accumulated, and it is very unfortunate trend.