Case: Alcor Ventures



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Labor force
The collapse of the communist economic system has resulted in major changes in the size and composition of the labor force. Up-to-date data are scarce, but total employment fell by over 2m, from 10,945,700 in 1989 to 8,813,000 in 1998. The labor force participation rate (working-age labor force as a proportion of the population of working age) was only 63.6% in 1998, compared with more than 80% in the early 1990s. The largest job losses have been in industry, where the active population fell from 4,169,000 in 1989 to 2,317,000 in 1998. The number of people classified as employees fell from 8,102,000 in 1990 to 4,474,600 in September 2000. Some 38.2% of the population worked in the state and co-operative sectors in 1998. Registered unemployment initially peaked at 1.2m in 1994 (equivalent to 10.9% of the workforce), but has exceeded 1m since 1998 as a result of economic decline in 1997-99 and the closure or part-closure of industries that began in earnest in 1999. Registered unemployment at the end of 2000 was just over 1m, or 10.5% of the labor force (See Reference table 2 for labor force statistics.)


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