Friday, April 21 2023 16:03
Alina Hovhannisyan

Minister of Economy announces a new high in Armenia`s labor market 

Minister of Economy announces a new high in Armenia`s labor market 

ArmInfo.The situation in the labor market of Armenia continues to be active. Armenian Minister of  Economy Vahan Kerobyan announced this on his Facebook page, referring to the data registered for March of this year.

In particular, according to him, as of March, the country has a  record number of registered jobs - 706,294, which exceeds the figure  of a year ago by 51.5 thousand or 7.87%.

At the same time, the minister also pointed to the growth of the  average wage, which in March amounted to 301,752 drams, with an  increase of 58.1 thousand drams or 23.87% over the year.  In this  regard, Kerobyan recalled that in March inflation was registered in  Armenia at the level of 5.4%.  In fairness, it should be noted that  earlier the Minister of Economy reported that last year more than 110  thousand people relocated to Armenia from Russia, who filled the  labor market.  According to independent experts, the increase in the  average salary is very similar to the "average temperature in the  hospital." This phenomenon is associated primarily with a significant  increase in wages for officials, police officers, as well as with the  income of the same resettlers who receive them from abroad.

At the end of last year, Deputy Prime Minister of Armenia Tigran  Khachatryan said that the salaries of employees of state departments  would be increased, and bonuses would be reduced. In general, in  2023, according to him, the salary fund of civil servants will be  increased by 21 billion drams (about $52 million), that is, by 7-8%.