Russia Jobless Rate Rises to 7-Month High of 4.8%


Russian unemployment rate rose to 4.8 percent in November 2018 from 4.7 percent in the previous month, and compared to last year's figure of 5.1 percent. It was the highest jobless rate since April. The number of unemployed increased by 1.2 percent from a month earlier.

The number of unemployed rose by 43 thousand to 3.654 million in November from 3.611 million in the previous month. Compared with the previous year, unemployment fell by 233 thousand from 3.887 million.

Russia's real wages increased 4.6 percent year-on-year in November of 2018, following an upwardly revised 5.2 percent rise in the previous month and well above market expectations of a 4 percent gain. Average nominal wages jumped 8.6 percent to RUB 42,750 while annual inflation rate rose to 3.8 percent, its highest level since July 2017. Meanwhile, real disposable personal income in Russia decreased 2.9 percent in November, following a 0.3 percent gain in October.

Russia Jobless Rate Rises to 7-Month High of 4.8%


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/19/2018 1:50:30 PM