Russia's unemployment rate dropped to 4.5 percent in July of 2021, from 4.8 percent in the previous month and below market forecasts of 4.7 percent. It was the lowest rate since September of 2019, returning to pre-pandemic levels. The number of unemployed people fell by 149 thousand from a month earlier to 3.43 million and those officially registered as unemployed declined by 90 thousand to 1.33 million. source: Federal State Statistics Service
Unemployment Rate in Russia averaged 7.32 percent from 1992 until 2021, 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 September of 2021.
Unemployment Rate in Russia is expected to be 4.40 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 4.10 percent in 2022 and 3.80 percent in 2023, according to our econometric models.