Russia Unemployment Rate Edges Up in March

Russian jobless rate increased for the seventh straight month to 5.9 percent in March from 5.8 percent in February.
Joana Taborda | joana.taborda@tradingeconomics.com 4/17/2015 2:13:25 PM
The unemployment rate fell to a twenty-one-year low 4.8 percent in August of 2014 but has been on an upward trend since then, touching a fresh two-year high in March.

The number of unemployed people increased to 4.5 million in March from 4.41 million in the previous month. A year earlier, the figure was 4.02 million.

While nominal wages rose 6.1 percent year-on-year to an average RUB 33205 (8.1 percent in February), real pay fell 9.3 percent after dropping by 7.4 percent in the previous month. Real disposable income shrank 1.8 percent (-1.6 percent in February).

Russia Unemployment Rate Edges Up in March