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of major investment projects in the Central Federal District (FD) helped keep unemployment at the lowest level, as compared with other macroregions. Annual inflation remained

planning more moderate wage indexations in 2026 compared to 2023–2025. Meanwhile, unemployment remains at historical lows, and wage growth is still outpacing the growth

transport equipment. 12 TALKING TRENDS No. 8 (83) / December 2025 Figure 17. Unemployment rate, % Figure 18. Number of part-time workers, thousand people 7 1 400

to include the block capturing the labour market that comprises wage and unemployment variables. The labour market is a key factor influencing price dynamics in

statistics reveal no substantial changes in it. Unemployment remains at its record low. However, unlike the main unemployment rate, its broader indicators (including the number

statistics reveal no substantial changes in it. Unemployment remains at its record low. However, unlike the main unemployment rate, its broader indicators (including the number

focus. Harvest of 2025’). The labour market was persistently tight, with the unemployment rate hitting an all-time low in August. This supported the high rate

for our cautious pace is the situation in the labour market. Low unemployment is an undeniable good – nobody would dispute that. Every available pair of

considerable rise in unemployment and a drop in real wages. Currently, neither is happening, with the situation being completely the opposite. Unemployment is at its

growth in labour income thanks to a continued significant labour shortage. The unemployment level hit yet another all-time low in August (Figure 18). As a