Russia Jobless Rate Steady At 5.6% In February



The unemployment rate in Russia remained unchanged at 5.6 percent in February of 2017 from the previous month and in line with market expectations. The jobless rate stayed at the highest since May 2016.

The number of unemployed people decreased by 62 thousand to 4.226 million. Compared to February of 2016, the number decreased by 3 thousand.    

The number of economically active people increased by 200 thousand to 76.1 million, representing 52 percent of total population. Compared to February of 2016, the figure remained unchanged. 

Real wages increased 1.3 percent year-on-year, following 3.1 percent rise in January and below market expectations of 2.8 percent. It was the lowest increase since October 2016. Nominal wages went up 6 percent to RUB 35,900 (8.3 percent in January) and real disposable income fell 4.1 percent, following a 8.1 percent jump in January.

Russia Jobless Rate Steady At 5.6% In February


Federal State Statistics Service | Yekaterina Gcuhshina | yekaterina@tradingeconomics.com
3/21/2017 3:59:37 PM