The unemployment rate

in G20 Megacities in 2022
2,2% in 2022, the unemployment rate
by ILO methodology in Moscow
was the lowest among the G20 megacities
is the average
rate for
2018 - 2022
2%
Sources: official statistics, calculations made by Moscow Department for Economic Policy and Development.
Cities are at the heart of the economy. They bring together resources, advanced industries and the most skilled workforce. That is why the unemployment rate in major cities is an important indicator of social and economic health of a country. Experts of the Moscow Department for Economic Policy and Development compared the unemployment rates in the largest G20 cities in 2022.
From 2019 to 2022, Moscow had the lowest unemployment rate among the G20 megacities. Moscow is the undisputed leader with the lowest unemployment rate among the largest megacities of G20 countries in 2022.
In general, the favorable situation on the Moscow labor market is due to the development of industrial and high-tech enterprises, creation of import-substituting manufacturing and a developed transport infrastructure.
Methodology
This analysis is based on the unemployment rate calculated accodring the methodology of the International Labour Organization (ILO).
An unemployed person is an individual that meets all of the following criteria:
  • Unemployed during the week the survey takes place;
  • Is actively making efforts to find job during the week the survey takes place;
  • Can start working within two weeks.
According to the ILO methodology, an unemployed individual is a person of legal working age (typically from 15 to 72 years old), who did not have a job during the week of the survey, despite having made efforts to find employment, and was ready to start working during the week the survey was held.
Another way to measure of unemployment is the “registered unemployment rate”, which only takes into account people who seek employment with the help of job centers.
However, the unemployment rate calculated according to the ILO methodology is more representative and provides a more accurate picture of the labor market, while the “registered unemployment rate” shows whether the unemployed people can find a job on their own.
The unemployment
rate
=
Number of unemployed Number of unemployed
+
Number of employed
x
100%
The unemployment rate
In 2022, Moscow topped the list of the largest G20 cities with the lowest unemployment rate.
Sources: Official statistics, calculations made by the Moscow Department for Economic Policy and Development based on the ILO methodology
1
Moscow
2%
2
Beijing
2,3%
3
Tokyo
2,7%
4
Shanghai
3,6%
5
Seoul
4,4%
6
Sydney
4,8%
7
London
5,1%
8
Riyadh
5,2%
9
Mexico
5,6%
10
New York
5,9%
11
Milan
6,0%
12
Los Angeles
6,5%
13
Paris
6,5%
14
Rio de Janeiro
6,9%
15
Jakarta
7,2%
16
Sao Paulo
7,2%
17
Toronto
7,6%
18
Berlin
8,8%
19
Buenos Aires
10,3%
20
Istanbul
12,9%