Labor market activity remained elevated in Q1 2026. In March, the number of job vacancies increased by 9.8% year-on-year, with labor demand remaining particularly strong in the services, retail trade, food services, and manufacturing sectors. At the same time, the number of active resumes increased by 31.5%, indicating intensifying competition in the labor market.
Positive hiring expectations among businesses remained in place. Employment growth was mainly driven by the services sector and the private sector, while the unemployment rate stood at 4.8%.
In Q1 2026, nominal wages increased by 17.4%, while real wages grew by 9.5%. Wage growth was particularly strong in financial services, transportation, and other service sectors. At the same time, real wage growth continued to outpace labor productivity growth, indicating persistent inflationary pressures in the economy.
Remittance inflows reached USD 3.8 billion in Q1 2026, increasing by 13% compared to the same period last year. The diversification of labor migration destinations continued, with the number of Uzbek citizens residing in Türkiye and South Korea increasing further.
— Review the brief description at the link
— Read the full review at the link
