Russia Jobless Rate Rises from Record Low


Russian unemployment rate rose to 4.7 percent in October 2018 from an all-time low of 4.5 percent in the previous month, and compared to last year's figure of 5.1 percent. The number of unemployed increased by 5.2 percent from a month earlier.

The number of unemployed rose by 177 thousand to 3.611 million in October from 3.434 million in the previous month. Compared with the previous year, unemployment fell by 248 thousand from 3.859 million.

Russia's real wages increased by 4.4 percent year-on-year in October, following a downwardly revised 4.9 percent advance in the previous month and below market expectations of a 6.8 percent gain. Average nominal wages jumped 8.1 percent to RUB 42,000 while annual inflation rate rose to 3.5 percent, its highest level since July 2017. Meanwhile, real disposable personal income in Russia increased by 1.4 percent in October, following a 2.5 percent drop in the previous month.

Russia Jobless Rate Rises from Record Low


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/20/2018 1:21:10 PM