Russia Jobless Rate at 3-Year High


Unemployment rate in Russia was recorded at 6.0 percent in March of 2016, up from 5.8 percent in the previous three months and above market expectations of 5.9 percent. It was the highest rate since January of 2013, as the number of unemployed people increased by 138 thousand to 4.56 million while economically active increased by 0.2 million to 76.1 million (52 percent of population).

The number of unemployed people increased by 138 thousand to 4567 thousand in March. A year earlier, the figure was 4503 thousand. 

The number of economically active people increased by 0.2 million to 76.1 million (52 percent of population). Compared to March of 2015, the figure was steady.

Nominal wages rose 4.1 percent year-on-year to an average RUB 35570 while real pay fell 3.0 percent. Real disposable income decreased 1.8 percent.

Russia Jobless Rate at 3-Year High


Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/19/2016 2:48:09 PM