In Kuban wages have increased and unemployment has fallen

In Kuban the rate of unemployment has fallen. So, as of October 1, 2012, the unemployment rate in the region was only 0.7%, or 18.2 thousand people. A year ago, the proportion was 0.9% of the working population of Kuban.

The Ministry of Economy of Krasnodar Territory reports in a statement that the number of vacancies available at the employment service (75.2) is 4 times higher than the number of unemployed. 55 thousand people are working of the total number of available jobs.

In addition, according to the report of the Ministry of Economy of Kuban, the rate of growth of wages in the region is growing very rapidly: nominal wages grew by 6.3% to 118.1%, and real wages – by 10.7% to 112.7%. "The average monthly wage is higher than 20.9 thousand rubles," RIA Novosti quotes the report.

The Ministry of Economic Affairs also provides demographic statistics of Kuban in its report. As of early September, in Krasnodar Territory there were 5.3 million residents, which is 0.6% more than at the beginning of the year. "The increase in the number was due to net migration, which is 13 times more than the natural loss of population, which amounted to 2.5 thousand people," a source in the ministry added.