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 to 3.611 million. Unemployment Rate in Russia averaged 7.55 percent from 1992 until 2018, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.50 percent in September of 2018.
Unemployment Rate in Russia is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Russia to stand at 4.50 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.