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Labour market should be developed thanks to quality, but not quantity - Putin

“People should have an opportunity to move to a region, where interesting vacancies are opened", he noted

MOSCOW, January 31 (Itar-Tass) – The labour market should be developed thanks to quality, but not quantity, Russian President Vladimir Putin said at an enlarged meeting of the Russian government on Thursday.

“The unemployment rate in Russia is unprecedentedly low of 5.4%. This is good, but this also means that we have almost no free hands. It is possible to develop only thanks to the quality,” Putin noted.

“The investments in people, their qualification, a higher labour productivity, the refurbishment of the production are turning in the main important source of economic growth,” the Russian president said. Putin believes that Russia needs not just to mechanically increase the number of jobs, but create efficient and subsequently highly-paid jobs instead of previous jobs.

“It is needed to build a non-stop vocational education system in the way so it will become a resource base for 25 million modern jobs,” Putin remarked. “The compulsory condition is close cooperation between employers, investors and vocational educational establishments and the formation of accessible mechanisms of advanced training,” he pointed out.

Putin proposed to discuss in detail the steps, which should be taken for the foresaid purpose, with the business associations and the Agency of Strategic Initiatives soon.

“The factor of mobility of the labour market is growing in new conditions,” the president told the participants in the enlarged meeting of the Russian Cabinet. “People should have an opportunity to move to a region, where interesting vacancies are opened. We have traditionally major problems with this factor,” Putin noted. Putin urged the Russian Cabinet to ponder over what instruments of private-public partnership can be used for the formation of such centres of economic growth. This is the formation of a social infrastructure and the creation of a civilized market of rented housing, Putin underlined.

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