Russia Employed Persons - Forecast

Employed Persons in Russia is expected to be 72.50 Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in Russia to stand at 72.40 in 12 months time. In the long-term, the Russia Employed Persons is projected to trend around 72.70 Million in 2020, according to our econometric models.


Forecast Data Chart
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Russia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.5 4.3 4.2 4.4 4.5 5.1
Employed Persons 73.4 72.5 71.7 72.2 72.4 72.7
Unemployed Persons 3.43 3.9 3.47 3.48 3.46 4.2
Employment Rate 60.5 61 61 61 62 62
Labor Force Participation Rate 63.4 64 64 64 65 65
Productivity 1.5 1.2 1.01 0.81 0.6 2
Job Offers 1738477 1525690 1451166 1557134 1601119 1600369
Wages 41140 53000 42000 42800 42500 56500
Wage Growth 7.2 4.2 2.9 2.5 2.2 2.2
Wages in Manufacturing 41126 42000 42600 44700 40200 51000
Minimum Wages 11163 11163 12000 12000 12000 12000
Population 147 147 147 147 147 148
Retirement Age Women 55 55 55 55 55 57
Retirement Age Men 60 60 60 60 60 62
Wages High Skilled 46100 46800 47800 47800 47800 49000
Wages Low Skilled 18300 19200 20500 20500 20500 21000
Living Wage Family 28300 29700 31100 31100 31100 32200
Living Wage Individual 20400 21000 22300 22300 22300 24500