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Unemployment in Ukraine increased by more than 13% over January 1 through March 1, 2011, President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Anatoliy Kinakh said at a meeting on April 15.
In particular, this happened due to worsening of work conditions for the self-employed due to the adoption of some provisions of the Tax Code, he said.
"Unfortunately, our forecasts came true: over the first three months of the current year the level of joblessness in Ukraine increased by 13.2%, as of March 1, compared to January 1. This is a very negative tendency," he said.
As I noted in a previous post, official unemployment was very low after the economy contracted in Ukraine. While "worsening of work conditions" may contribute to the higher unemployment changes, I'm skeptical that its the only factor. Are the changes in the tax code simply shedding light on the unemployment that was already there?
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