Russia Unemployed Persons  Forecast


Unemployed Persons in Russia is expected to be 4.10 Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Russia to stand at 4.20 in 12 months time. In the long-term, the Russia Unemployed Persons is projected to trend around 4.60 Million in 2020, according to our econometric models.


Russia Unemployed Persons
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Russia Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.9 5.2 5.5 5.6 5.4 5.8
Employed Persons 72.4 73.2 73 71.7 72.9 73.1
Unemployed Persons 3.79 4.1 4.3 4.7 4.2 4.6
Employment Rate 65.7 66.1 65.8 65.2 66.3 66.2
Labor Force Participation Rate 69.2 69.7 69.8 68.8 69.7 69.7
Productivity -2.2 1.5 1.8 1.44 1.44 2
Job Offers 1652370 1412982 1329953 1242007 1242007 1680370
Wages 39355 38710 49932 40275 44429 58791
Wage Growth 3.7 2.1 1.6 1.8 2.1 3.3
Wages in Manufacturing 40469 38676 44397 40920 40700 51500
Minimum Wages 7500 8900 8900 8900 8900 10100
Population 146 148 148 152 152 155
Retirement Age Women 55 55 55 55 55 57
Retirement Age Men 60 60 60 60 60 62
Living Wage Family 33965 35900 36000 36700 37000 40000
Living Wage Individual 35519 36100 36300 36500 37000 39200
Wages High Skilled 38600 41000 41000 42800 42800 45700
Wages Low Skilled 13100 14500 14700 15000 15200 17600