Russia Jobless Rate Falls to 8-Month Low of 4.5%


Russia unemployment rate fell to 4.5 percent in May 2019 from 4.7 percent in the previous month and below market consensus of 4.6 percent. It was the lowest jobless rate since September last year.

The number of unemployed dropped by 152 thousand to 3.402 million in May from 3.554 in the previous month. Compared with the previous year, unemployment decreased by 206 thousand from 3.608 million.

Meantime, registered unemployment came in at 0.776 million, lower than April's 0.817 million but slightly above last year's 0.730 million.

Russia’s real wages increased 2.8 percent from the previous year in May 2019, slowing from an upwardly revised 3.1 percent in the previous month but beating market expectations of a 1.5 percent rise. Average nominal wages advanced 8.1 percent to RUB 48,510.

 Russia Jobless Rate Falls to 8-Month Low of 4.5%


Federal State Statistics Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/20/2019 1:23:46 PM