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.

Russia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 01:00 PM Unemployment Rate 4.7% 4.7% 4.7% 4.6%
2018-09-19 01:00 PM Unemployment Rate 4.6% 4.7% 4.7% 4.7%
2018-10-17 01:00 PM Unemployment Rate 4.5% 4.6% 4.7% 4.4%
2018-11-20 01:00 PM Unemployment Rate 4.7% 4.5% 4.7% 4.6%
2018-12-19 01:00 PM Unemployment Rate 4.7% 4.8% 4.7%
2019-01-25 01:00 PM Unemployment Rate 4.6%
2019-02-19 01:00 PM Unemployment Rate



Russia Jobless Rate Rises from Record Low



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.

The number of unemployed rose by 177 thousand to 3.611 million in October from 3.434 million in the previous month. Compared with the previous year, unemployment fell by 248 thousand from 3.859 million.

Russia's real wages increased by 4.4 percent year-on-year in October, following a downwardly revised 4.9 percent advance in the previous month and below market expectations of a 6.8 percent gain. Average nominal wages jumped 8.1 percent to RUB 42,000 while annual inflation rate rose to 3.5 percent, its highest level since July 2017. Meanwhile, real disposable personal income in Russia increased by 1.4 percent in October, following a 2.5 percent drop in the previous month.


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/20/2018 1:21:10 PM



Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.50 14.10 4.50 percent [+]
Employed Persons 72.50 73.20 74.10 60.40 Million [+]
Unemployed Persons 3.61 3.43 10.40 3.43 Million [+]
Employment Rate 59.80 60.30 66.60 59.30 percent [+]
Labor Force Participation Rate 62.80 63.20 70.30 62.50 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1738477.00 1753086.00 2197833.00 1000000.00 Persons [+]
Wages 42000.00 41774.00 51197.00 0.00 RUB/Month [+]
Wage Growth 4.40 4.90 27.20 -41.40 percent [+]
Wages in Manufacturing 40226.00 41126.00 41126.00 7397.00 RUB/Month [+]
Minimum Wages 11163.00 9489.00 11163.00 132.00 RUB/Month [+]
Population 146.90 146.80 148.69 119.90 Million [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 RUB/Month [+]
Living Wage Family 23700.00 23500.00 23700.00 23000.00 RUB/Month [+]
Living Wage Individual 14500.00 14800.00 14800.00 13900.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.50 14.10 4.50 1992 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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