Russian Unemployment Rate Unchanged at Record Low


Russian unemployment rate stood at an all-time low of 4.7 percent in July 2018, unchanged from the previous month and compared with last year's 5.1 percent. The number of unemployed increased by 1.7 percent from a month earlier.

The number of unemployed rose by 60 thousand to 3.603 million in July from 3.543 million in the previous month. Compared with the previous year, unemployment fell by 304 thousand from 3.907 million.

Real wages in Russia increased by 8 percent year-on-year in July, following a 7.2 percent advance in the previous month and far above market expectations of a 6.8 percent gain. Average nominal wages surged 10.7 percent to RUB 42,640 while annual inflation rate rose to 2.5 percent in July, close to January's record low of 2.2 percent. Meanwhile, real disposable personal income in Russia increased by 2 percent in July, following a 0.7 percent gain in the previous month.

Russian Unemployment Rate Unchanged at Record Low


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/17/2018 1:14:47 PM