Russia Jobless Rate Unexpectedly Falls To 5.3% In April


The unemployment rate in Russia declined to 5.3 percent in April of 2017 from 5.9 percent in the same month a year ago and well below market expectations of 5.5 percent. It was the lowest jobless rate since December last year. The number of unemployed people decreased by 470 thousand to 4.050 million while the number of economically active people fell by 400 thousand to 75.9 million, representing 52 percent of total population.

The number of unemployed people decreased by 470 thousand to 4.050 million. Compared to March, the number decreased by 59 thousand.    

The number of economically active people decreased by 400 thousand to 75.9 million, representing 52 percent of total population. Compared to March, the figure remained unchanged.

Real wages increased 2.5 percent year-on-year, following an upwardly revised 3.5 percent rise in March and above market expectations of 1.7 percent. Nominal wages went up 6.7 percent to RUB 37,311 (7.6 percent in March) while real disposable income fell 7.6 percent (-2.3 percent in March).

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/22/2017 3:55:07 PM