Russia Unemployment Rate at 5-Month High

Russian jobless rate unexpectedly increased to 5.5 percent in October from 5.2 percent in September and above market expectations of 5.4 percent. It is the highest rate since May as the number of unemployed people edged up while employed and economically active declined.

The number of unemployed people increased by 223 thousand to 4255 thousand in October. A year earlier, the figure was 4565 thousand. 

The number of employed people decreased by 388 thousand to 72538 thousand in October. Year-on-year, the number decreased by 500 thousand.

The number of economically active people decreased by 165 thousand to 76793 thousand (69.3 percent of population) in October. Compared to October of 2014 the figure decreased by 191 thousand.

The youth unemployment rate was recorded at 16.7 percent.

 Russia Unemployment Rate at 5-Month High

Yekaterina Guchshina |
11/18/2015 11:30:20 AM