Russia's unemployment rate came in at 6.3 percent in October 2020, unchanged from the previous month and below market expectations of 6.4 percent. The number of unemployed people fell by 83 thousand from a month earlier to 4.694 million and those officially registered as unemployed declined by 217 thousand to 3.470 million. source: Federal State Statistics Service
Unemployment Rate in Russia averaged 7.37 percent from 1992 until 2020, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.30 percent in August of 2019. This page provides - Russia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Unemployment Rate in Russia is expected to be 6.20 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 6.70 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.