Russia Unemployment Rate Unchanged at 4.9% in February

Russia Unemployment rate stood at 4.9 percent in February of 2019, unchanged from the previous month, in line with market expectations and compared with last year’s 5.2 percent.

The number of unemployed fell by 12 thousand to 3.655 million in February from 3.667 million in the previous month. Compared with the previous year, unemployment fell by 153 thousand from 3.808 million.

Meanwhile, registered unemployment rose by 65 thousand to 0.798 million from 0.733 million a month earlier. Year-on-year, that number dropped by 1 thousand from 0.799 million.

Russia's real wages increased by 0.7 percent year-on-year in February, following an upwardly revised 1.1 percent advance in the previous month and higher than market expectations of a flat reading. Average nominal wages jumped 6 percent to RUB 43,030 while annual inflation rate rose to 5.2 percent, the highest level since December of 2016.

Russia Unemployment Rate Unchanged at 4.9% in February

Federal State Statistics Service | Agna Gabriel |
3/20/2019 2:13:31 PM