Russia’s unemployment rate unexpectedly edged lower to a fresh record low of 3.9 percent in May of 2022, easing from 4.0 percent in the prior month and compared with market expectations of 4.5 percent. The number of unemployed people fell by about 0.1 million from a month earlier to 2.9 million people, while the employment rate went up to 59.8 percent, from 59.7 percent in April, although the number of people employed was little changed at 71.9 million people. source: Federal State Statistics Service
Unemployment Rate in Russia averaged 7.23 percent from 1992 until 2022, reaching an all time high of 14.10 percent in February of 1999 and a record low of 3.90 percent in May of 2022. 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 June of 2022.
Unemployment Rate in Russia is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Unemployment Rate is projected to trend around 6.50 percent in 2023 and 7.00 percent in 2024, according to our econometric models.