Russia Jobless Rate At 8-Month Low Of 5.2%


The unemployment rate in Russia declined to 5.2 percent in May of 2017 from 5.6 percent in the same month a year ago and below market expectations of 5.3 percent. It was the lowest jobless rate since September last year. The number of unemployed people decreased by 358 thousand to 3.945 million while the number of economically active people fell by 500 thousand to 76 million, representing 52 percent of total population.

The number of unemployed people decreased by 358 thousand to 3.945 million. Compared to April, the number decreased by 105 thousand.    

The number of economically active people decreased by 500 thousand to 76 million, representing 52 percent of total population. Compared to April, the figure went up by 100 thousand.

Real wages increased 3.7 percent year-on-year, at the same pace as in April and above market expectations of 2.4 percent. Nominal wages went up 7.9 percent to RUB 40,640 (8 percent in April) while real disposable income fell 0.4 percent (-7.5 percent in April).

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/20/2017 1:31:14 PM