Russia Unemployment Rate  1993-2017 | Data | Chart | Calendar | Forecast

Russian unemployment rate fell to 4.9 percent in August 2017 from 5.2 percent in the same month of the previous year and below market expectations of 5.1 percent. It was the lowest jobless rate since August 2014, as the number of unemployed people decreased by 245 thousand from the previous year to 3.792 million. Unemployment Rate in Russia averaged 7.70 percent from 1993 until 2017, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.80 percent in August of 2014.

Russia Unemployment Rate
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Russia Jobless Rate Drops Unexpectedly to 2-Year Low


Russian unemployment rate fell to 4.9 percent in August 2017 from 5.2 percent in the same month of the previous year and below market expectations of 5.1 percent. It was the lowest jobless rate since August 2014.

The number of unemployed people fell by 245 thousand to 3.792 million from 4.037 million in the corresponding month of the previous year. Compared to July, the number of unemployed decreased by 113 thousand from 3.905 million.

Real wages rose 3.7 percent year-on-year in August, following a downwardly revised 3.1 percent gain in July and missing market expectations of 4.2 percent. Average nominal wages jumped 7.1 percent to RUB 38,040 while annual inflation rate slowed to 3.3 percent, the lowest since at least 1991. Meanwhile, real disposable income dropped 0.3 percent.

Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/19/2017 1:31:38 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-19 01:00 PM Unemployment Rate 5.1% 5.2% 5.2% 5.3%
2017-08-17 01:00 PM Unemployment Rate 5.1% 5.1% 5.1% 5.1%
2017-09-19 01:00 PM Unemployment Rate 4.9% 5.1% 5.1% 5.2%
2017-10-18 01:00 PM Unemployment Rate 4.9% 4.9%
2017-11-20 01:00 PM Unemployment Rate 5.3%
2017-12-19 01:00 PM Unemployment Rate 5.4%


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.10 14.10 4.80 percent [+]
Employed Persons 72.40 72.10 74.10 60.40 Million [+]
Unemployed Persons 3.79 3.91 10.40 3.60 Million [+]
Employment Rate 65.70 65.50 66.60 64.20 percent [+]
Labor Force Participation Rate 69.20 68.90 70.30 64.20 percent [+]
Productivity -2.20 0.70 7.50 -4.10 percent [+]
Job Offers 1652370.00 1663932.00 2197833.00 1000000.00 Persons [+]
Wages 38040.00 39355.00 47554.00 1.00 RUB/Month [+]
Wage Growth 3.70 3.10 27.20 -41.40 percent [+]
Wages in Manufacturing 40469.00 38565.00 40731.00 7397.00 RUB/Month [+]
Minimum Wages 7500.00 7500.00 7500.00 132.00 RUB/Month [+]
Population 146.50 146.30 148.69 119.90 Million [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Living Wage Family 33965.10 34469.50 35809.00 32990.40 RUB/Month [+]
Living Wage Individual 35518.60 34458.70 37431.50 32176.90 RUB/Month [+]
Wages High Skilled 38600.00 37300.00 38600.00 36700.00 RUB/Month [+]
Wages Low Skilled 13100.00 12100.00 13100.00 9990.00 RUB/Month [+]


Russia Unemployment Rate

In Russia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Russia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.10 14.10 4.80 1993 - 2017 percent Monthly




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.40 Jul/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17