Russia Unemployment Rate  Forecast


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Unemployment Rate in Russia is expected to be 4.80 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 5.40 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.


Russia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5 4.8 5 5.2 5.4 5.8
Employed Persons 72.8 73 71.7 72.9 72.13 73.1
Unemployed Persons 3.8 3.7 3.6 3.7 3.8 4.2
Employment Rate 66.1 65.8 65.2 66.3 65.38 66.2
Labor Force Participation Rate 69.6 69.8 68.8 69.7 69.56 69.7
Productivity -0.2 0.5 1.2 1.2 1.2 2
Job Offers 1652370 1329953 1242007 1242007 1414419 1680370
Wages 37520 49932 40275 44429 38222 58791
Wages in Manufacturing 38172 44397 40920 40700 39189 51500
Wage Growth 2.6 3.8 3.7 4 4.2 3.3
Minimum Wages 7500 7500 8900 8900 8900 10100
Population 147 147 148 148 148 152
Retirement Age Women 55 55 55 55 55 57
Retirement Age Men 60 60 60 60 60 62
Wages Low Skilled 18300 14700 15200 15200 15200 17600
Wages High Skilled 46100 41000 42800 42800 42800 45700
Living Wage Family 28300 36000 36700 37000 27724 40000
Living Wage Individual 20400 36300 36500 37000 20039 39200