- September 1, 2017
Labor market of Moscow & Saint Petersburg: Summer 2017
Over the period of May-June 2017, the total workforce amounted to 7,162,500 people for Moscow and 3,033,900 for Saint Petersburg.
According to Rosstat, both cities demonstrated a rather optimistic unemployment rate with 1.3% in Moscow and 1.7% in Saint Petersburg as of June 2017 (just for comparison, the overall unemployment rate for Russia is 5.1%).
Compared with June 2016, the average salary for Moscow has increased by 18%: 86,469 RUB per month (June 2017); for Saint Petersburg the amount increased by 14%: 57,421 RUB per month (June 2017). The average salary rise for the whole of Russia is more modest – 9% (42,042 RUB per month in June 2017 vs 38,447 RUB per month in June 2016).
Salary offers from job listings according to the career portal “Work in Russia”
As a rule job offers for executives and highly qualified specialists don’t always have salary figures specified on job listings, thus changing the overall statistics of average salaries:
|Salary levels, RUB||% of job offers in Moscow||% of job offers in Saint Petersburg|
Required job experience
|Years of experience||% of job offers in Moscow||% of job offers in Saint Petersburg|
|Education||% of job offers in Moscow||% of job offers in Saint Petersburg|
|unfinished higher education||0.82%||–|
Labor market tension coefficient (how many of unemployed candidates compete for one vacancy)
As of August 24, 2017, according to the Department of Labor and Social Protection of Population of Moscow, the number of open job positions exceeded the number of unemployed people by 4.5 times. According to the Committee on Labor and Employment of St. Petersburg, at the end of July 2017, the city’s number of open job positions was twice as big as the number of unemployed people.
Average prices for products and services
Since July 2016, the average monthly cost for a selected number of basic services and products in Moscow has increased by 6.5% to 21,741.19 RUB as of July 2017. In Saint Petersburg, the monthly price for the same set of goods and services amounts to 16,571.02 RUB (7.7% growth).
The average monthly rent for a one-room flat is 27,761.79 RUB in Moscow and 19,613.95 RUB in Saint Petersburg.