Russia Unemployment Rate Edges Up in September

Russian jobless rate increased to 4.9 percent in September of 2014 from 4.8 percent in the previous month. It is the first increase since November last year, matching market forecasts.

The number of unemployed people increased to 3.72 million in September from 3.66 million in August. A year earlier, there figure was 3.99 million.

796 thousand people were officially registered as unemployed in September, 40,000 less than in the previous month and 83 thousand less than in September of 2013.

Nominal wages rose at a slower 6.9 percent year-on-year in September, following a revised 6.3 percent increase in August while real wages contracted for the second month in a row by an annual 1 percent. Real disposable income increased 0.6 percent.

Russia Unemployment Rate Edges Up in September

Joana Taborda |
10/17/2014 1:20:05 PM