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Russia's war in Ukraine has drained it of labor — it lacks nearly 5 million workers this year, report says
"Russia's economy was 4.8 million workers short this year, according to Reuters.
Workforce vacancies rose 6.8% in 2023, climbing up from 5.8% a year ago.
The Ukraine war has pulled workers into the conflict, while others have fled.
Russia's economy was short nearly 5 million workers this year according to Reuters, which cited a news report from Russian newspaper Izvestia.
The finding is based on experts and research from the Russian Academy of Science's Institute of Economics, which found that the number of total workforce vacancies rose to 6.8% by the middle of 2023, jumping from 5.8% a year prior.
"If we extend the data presented by Rosstat (the official statistics agency) to the entire workforce, the shortage of workers in 2023 will tentatively amount to 4.8 million people," Izvestia quoted the study as saying."
This is how you kill an economy that was already built on foundations of sand.