Obituary of Rzhanitsyna, LS

In the context of economic crisis caused by spread coronavirus infection, global labour market has faced serious challenges, on timeliness and effectiveness response to which viability world economy today depends. The is in nature a significant impact investment, value chains international trade, with consequences not only for economy, but also working-age population all countries world. turmoil pandemic requires thorough analysis scale its order determine most rational solutions. A situation uncertainty about future, fear devastating consequences, pessimistic forecasts were companions first days pandemic. This article provides estimates level unemployment employment various 2020. divided into two parts due large volume. part reveals reasons differences dynamics different world, calculates elasticity GDP, considers labor changes workers' incomes, identifies segments that are susceptible impact. second examines detail state Russian main indicators socioeconomic development Russia before during pandemic, forecast values indicators, features adaptation new challenges their from mechanisms self-regulation previous shocks, while focusing occurring informal sector