Russian unemployment rate rose to 4.5 percent in July of 2019 from an all-time low of 4.4 percent in the previous month and in line with market expectations.
The number of unemployed increased by 30 thousand to 3.364 million in July 2019 from 3.334 in the previous month. Compared with the previous year, unemployment fell by 239 thousand from 3.603 million.
Meantime, registered unemployment came in at 0.727 million, slightly lower than June’s 0.746 million but above last year's 0.690 million.
Real wages in Russia rose 3.5 percent year-on-year in July of 2019, following an upwardly revised 2.9 percent gain in the previous month and beating market forecasts of a 2.3 percent increase. It was the biggest gain in real wages since November 2018. Average nominal wages surged 8.2 percent to RUB 45,900 while annual inflation was at 4.6 percent.
8/19/2019 1:36:10 PM