Russia Unemployment Rate Rises in January

Russian jobless rate increased to 5.5 percent in January of 2015 from 5.3 percent in the previous period. The unemployment rate rose for the fifth straight month, reaching its highest since February when it was recorded at 5.6 percent.

In the first month of 2015, the number of unemployed people increased to 4.18 million 3.974 million from 3.97 million in the previous month. A year earlier, the figure was 4.18 million.

920 thousand people were officially registered as unemployed in January, up from 880 thousand in December but marginally down from 930 thousand a year earlier. 

While nominal wages rose 5.8 percent, real pay fell 8.0 percent year-on-year, following a 4 percent drop in the previous month. Real disposable income shrank 0.8 percent in January.

Russia Unemployment Rate Rises in January

Joana Taborda |
2/18/2015 4:05:38 PM