Russia Jobless Rate Holds Steady at Record Low


Russian unemployment rate came in at 4.7 percent in June 2018, unchanged from the previous month's record low and below last year's 5.1 percent, as the number of unemployed continued to fall.

The number of unemployed declined by 65 thousand to 3.543 million in June from 3.608 million in the previous month. Compared with the previous year, unemployment fell by 317 thousand from 3.860 million.

Real wages in Russia rose 7.2 percent year-on-year in June, easing from a revised 7.6 percent jump in the previous month and above market expectations of 7 percent. Average nominal wages surged 9.7 percent to RUB 45,840 while annual inflation rate stood at 2.3 percent, close to January's record low of 2.2 percent. Meanwhile, real disposable personal income in Russia increased by 0.2 percent in June, following a 0.1 percent gain in the previous month.

Russia Jobless Rate Holds Steady at Record Low


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/18/2018 1:13:10 PM