Russian Jobless Rate Falls Less than Expected


Russian unemployment rate fell to 5 percent in September 2017 from 5.2 percent in the same month of the previous year but above market expectations of 4.9 percent.

The number of unemployed people fell by 200 thousand to 3.82 million from 4.02 million in the corresponding month of the previous year. Compared to August, the number of unemployed increased by 30 thousand from 3.79 million.

Real wages in Russia rose 2.6 percent year-on-year in September 2017, following a downwardly revised 2.4 percent gain in August and missing market expectations of 3.9 percent. Average nominal wages jumped 5.6 percent to RUB 37,520 while annual inflation rate slowed to 3 percent, the lowest since at least 1991. Meanwhile, real disposable income dropped 0.3 percent, the same pace as in August.

Russian Jobless Rate Falls Less than Expected


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/18/2017 1:40:16 PM