Russia Jobless Rate Falls to Record Low of 4.3%

Russian unemployment rate decreased to an all-time low of 4.3 percent in August of 2019 from 4.5 percent in the previous month and below market expectations of 4.4 percent.

The number of unemployed dropped by 106 thousand to 3.258 million in August from 3.364 million in the previous month. Compared with the previous year, unemployment decreased by 248 thousand from 3.506 million.

Meantime, registered unemployment came in at 0.712 million, lower than July's 0.727 million but above last year's 0.679 million.

Russia’s real wages increased 3 percent from the previous year in August of 2019, the same as in the previous month and in line with market expectations. Average nominal wages climbed 7.4 percent to RUB 45,100 while annual inflation was at 4.3 percent, its lowest since December 2018.

Russia Jobless Rate Falls to Record Low of 4.3%

Federal State Statistics Service | Agna Gabriel |
9/18/2019 1:25:06 PM