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.

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Russia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.30 6.30 14.10 4.30 1992 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-20 04:00 PM Jul 6.3% 6.2% 6.1% 6.2%
2020-09-18 04:00 PM Aug 6.4% 6.3% 6.2% 6.4%
2020-10-20 04:00 PM Sep 6.3% 6.4% 6.4% 6.5%
2020-11-20 04:00 PM Oct 6.3% 6.3% 6.4% 6.5%
2020-12-18 04:00 PM Nov 6.4%
2021-01-27 04:00 PM Dec
2021-02-19 04:00 PM Jan
2021-03-19 04:00 PM Feb


News Stream
Russia Unemployment Rate Below Expectations in October
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.
2020-11-20
Russia Jobless Rate Unexpectedly Falls to 6.3%
Russia's unemployment rate decreased to 6.3 percent in September 2020 from 6.4 percent in the previous month, compared to market expectations of 6.4 percent. The number of unemployed people fell by 31 thousand from a month earlier to 4.777 million and those officially registered as unemployed rose by 43 thousand to 3.687 million.
2020-10-20
Russia Jobless Rate at Over 8-Year High
Russia's unemployment rose to 6.4 percent in August 2020 from 6.3 percent in the previous month and above market expectations of 6.2 percent. It was the highest jobless rate since March of 2012, as the coronavirus pandemic continued to hit the labor market. The number of unemployed people increased by 77 thousand from a month earlier to 4.808 million and those officially registered as unemployed surged by 333 thousand to 3.644 million.
2020-09-18
Russia Jobless Rate at Over 8-Year High
Russia's unemployment rose to 6.3 percent in July 2020, the highest since March 2012 and above market expectations of 6.1 percent, as the coronavirus pandemic hit the labor market. The number of unemployed people increased by 125 thousand from a month earlier to 4.731 million and those officially registered as unemployed surged by 524 thousand to 3.311 million.
2020-08-20

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.