Russia Jobless Rate Falls Unexpectedly to 5.2% in August


Russian unemployment rate declined to 5.2 percent in August of 2016, compared to 5.3 percent in the previous month and well below market expectations of 5.4 percent. It was the lowest jobless rate since September 2015, as the number of unemployed people decreased by 88 thousand to 4.037 million while economically active increased by 0.6 million to 77.5 million (53 percent of population).

The number of unemployed people decreased by 88 thousand to 4.037 million in August. A year earlier, the figure was 4.067 million. 

The number of economically active people increased by 0.6 million to 77.5 million (53 percent of population). Compared to August of 2015, the figure increased by 0.1 million. 

Nominal wages rose 5.8 percent year-on-year to an average RUB 34095 while real pay fell 1 percent. Real disposable income decreased 8.3 percent.

 Russia Jobless Rate Falls Unexpectedly to 5.2% in August


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/19/2016 1:18:54 PM