Russia Jobless Rate Falls To 5.4% In March


The unemployment rate in Russia declined to 5.4 percent in March of 2017 from 5.6 percent in the previous month and below market expectations of 5.6 percent. A year ago, the jobless rate was 6 percent.

The number of unemployed people decreased by 117 thousand to 4.109 million. Compared to March of 2016, the number decreased by 458 thousand.    

The number of economically active people decreased by 200 thousand to 75.9 million, representing 52 percent of total population. Compared to March of 2016, the figure declined by 200 thousand. 

Real wages increased 1.5 percent year-on-year, following 1 percent rise in February and below market expectations of 2 percent. Nominal wages went up 5.8 percent to RUB 37,640 (5.6 percent in February) and real disposable income fell 2.5 percent, following a 3.8 percent slump in February.

Russia Jobless Rate Falls To 5.4% In March


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/18/2017 1:44:06 PM