Russia Jobless Rate Matches Expectations In November

Russian unemployment rate decreased to 5.4 percent in November of 2016 compared to 5.8 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.4 percent.

The number of unemployed people decreased by 321 thousand to 4.114 million in November of 2016. Meanwhile, the number of economically active increased by 0.1 million to 76.7 million (52 percent of population).

Nominal wages rose 7.6 percent year-on-year to an average RUB 361105. Real pay went up 1.7 percent, following 0.4 percent growth in the previous month and below market expectations of 2 percent. Real disposable income decreased 5.6 percent, compared to 6 percent in October.

Federal State Statistics Service | Yekaterina Guchshina |
12/19/2016 2:07:24 PM