Saturday, August 19, 2017

Monthly wages increase to $1,177 in Yekaterinburg in first half of 2014

During last week's session of the Yekaterinburg administration's public forum, Deputy Head of Strategic Planning, Economic Affairs and Finance Alexander Vysokinsky announced that the average monthly wage in Yekaterinburg increased to nearly $1,177 during the first half of 2014.

Vysokinsky attributes the increase in monthly wages for Yekaterinburg employees to the city's continued socio-economic development efforts which include the raising of minimum wages and the increase of municipal construction projects, Ekburg.ru reports.

Other factors which have assisted in Yekaterinburg's overall increase in socioeconomic development include employee turnover and a natural population growth.

Additionally, the unemployment rate in Yekaterinburg fell during the first half of the year to 0.49 percent-- one of the lowest unemployment rates in Russia, according to Ekburg.ru.