Russia Unemployed Persons - Forecast

Unemployed Persons in Russia is expected to be 3.60 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 3.90 in 12 months time. In the long-term, the Russia Unemployed Persons is projected to trend around 4.20 Million in 2020, according to our econometric models.


Russia Unemployed Persons
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Russia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.1 5 5.2 5.4 5.5 5.8
Employed Persons 72.3 71.7 72.9 71.67 73.2 73.1
Unemployed Persons 3.89 3.6 3.7 3.8 3.9 4.2
Employment Rate 65.7 65.2 66.3 65.41 65.9 66.2
Labor Force Participation Rate 69.2 68.8 69.7 69.01 69.4 69.7
Productivity -0.2 1.2 1.2 1.2 1.2 2
Job Offers 1652370 1242007 1242007 1414419 1485690 1680370
Wages 38720 40275 44429 38098 52328 58791
Wages in Manufacturing 38172 40920 40700 38775 47061 51500
Wage Growth 5.4 3.7 4 4.2 4.2 3.3
Minimum Wages 11163 9489 11163 11163 11163 12000
Population 147 148 148 148 148 152
Retirement Age Women 55 55 55 55 55 57
Retirement Age Men 60 60 60 60 60 62
Wages Low Skilled 18300 15200 15200 15200 15200 17600
Wages High Skilled 46100 42800 42800 42800 42800 45700
Living Wage Family 28300 36700 37000 27671 37000 40000
Living Wage Individual 20400 36500 37000 20013 37000 39200