Russia Unemployment Rate Rises to 9-Month High

Russia's unemployment rate edged up to 4.9 percent in January 2019 from 4.8 percent in the previous month and in line with market expectations. It was the highest jobless rate since last April.

The number of unemployed fell by 31 thousand to 3.667 million in January from 3.698 million in the previous month. Compared with the previous year, unemployment fell by 251 thousand from 3.918 million.

Meanwhile, registered unemployment rose by 40 thousand to 0.733 million from 0.693 million a month earlier. Year-on-year, that number dropped by 45 thousand from 0.778 million.

Russia's real wages increased by 0.2 percent year-on-year in January, following a revised 2.9 percent advance in the previous month and below market expectations of a 0.4 percent gain. Average nominal wages jumped 5.2 percent to RUB 41,120 while annual inflation rate rose to a two-year high of 5 percent.

Russia Unemployment Rate Rises to 9-Month High

Federal State Statistics Service | Joana Ferreira |
2/19/2019 3:44:15 PM