Russia Jobless Rate at Record Low in June


Russia unemployment rate fell to 4.4 percent in June 2019 from 4.5 percent in the previous month and below market consensus of 4.5 percent. It was the lowest jobless rate since series began in 1992.

The number of unemployed dropped by 68 thousand to 3.334 million in June 2019 from 3.402 in the previous month. Compared with the previous year, unemployment decreased by 209 thousand from 3.543 million.

Meantime, registered unemployment came in at 0.746 million, slightly lower than May’s 0.776 million and below last year's 0.706 million.

Russia’s real wages increased 2.3 percent from the previous year in June 2019, accelerating from a downwardly revised 1.6 percent in the previous month and against market expectations of a 2.8 percent rise. Average nominal wages surged 7.1 percent to RUB 49,840. 

Russia Jobless Rate at Record Low in June


Federal State Statistics Service | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
7/17/2019 1:49:20 PM