Russia Unemployment Rate Up to 5.1%

Russian jobless rate increased for the second consecutive month to 5.1 percent in October of 2014 from 4.9 percent in September, above market forecasts.

The number of unemployed people increased to 3.87 million in October from 3.72 million in September. A year earlier, the figure was 4.14 million.

796 thousand people were officially registered as unemployed in October, unchanged from September but down from 849 thousand a year earlier. 

Nominal wages rose at a slower 8.6 percent year-on-year in October, following a revised 9.7 percent increase in September. Real wages increased 0.3 percent above market expectations and real disposable income grew 2.1 percent.  

Russia Unemployment Rate Up to 5.1%

Joana Taborda |
11/21/2014 1:19:58 PM