Russia unemployment rate fell to 4.4 percent in June 2019 from 4.5 percent in the previous month and below market consensus of 4.5 percent. It was the lowest jobless rate since series began in 1992. Unemployment Rate in Russia averaged 7.48 percent from 1992 until 2019, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.40 percent in June of 2019.

Unemployment Rate in Russia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Russia to stand at 5.10 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.70 percent in 2020, according to our econometric models.

Russia Unemployment Rate
width
height
 Preview
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar GMT Actual Previous Consensus TEForecast
2019-04-18 01:00 PM Unemployment Rate Mar 4.7% 4.9% 4.9% 5.1%
2019-05-24 01:00 PM Unemployment Rate Apr 4.7% 4.7% 4.7% 4.7%
2019-06-20 01:00 PM Unemployment Rate May 4.5% 4.7% 4.6% 4.7%
2019-07-17 01:00 PM Unemployment Rate Jun 4.4% 4.5% 4.5% 4.6%
2019-08-19 01:00 PM Unemployment Rate Jul 4.4% 4.9%
2019-09-18 01:00 PM Unemployment Rate Aug 4.8%
2019-10-17 01:00 PM Unemployment Rate Sep 5%



Russia Jobless Rate at Record Low in June

Russia unemployment rate fell to 4.4 percent in June 2019 from 4.5 percent in the previous month and below market consensus of 4.5 percent. It was the lowest jobless rate since series began in 1992.

The number of unemployed dropped by 68 thousand to 3.334 million in June 2019 from 3.402 in the previous month. Compared with the previous year, unemployment decreased by 209 thousand from 3.543 million.

Meantime, registered unemployment came in at 0.746 million, slightly lower than May’s 0.776 million and below last year's 0.706 million.

Russia’s real wages increased 2.3 percent from the previous year in June 2019, accelerating from a downwardly revised 1.6 percent in the previous month and against market expectations of a 2.8 percent rise. Average nominal wages surged 7.1 percent to RUB 49,840. 


Federal State Statistics Service | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
7/17/2019 1:49:20 PM


News

Russia Jobless Rate Falls to 8-Month Low of 4.5%
Russia unemployment rate fell to 4.5 percent in May 2019 from 4.7 percent in the previous month and below market consensus of 4.6 percent. It was the lowest jobless rate since September last year.
Published on 2019-06-20

Russia Jobless Rate Unchanged at 5-Month Low
Russia unemployment rate stood at 4.7 percent in April 2019, unchanged from the previous month's five-month low and in line with market expectations.
Published on 2019-05-24

Russia Jobless Rate at 5-Month Low of 4.7%
Russia unemployment rate fell to 4.7 percent in March of 2019 from 4.9 percent in the previous month, below market expectations of 4.9 percent and compared with last year’s 5 percent. It is the lowest jobless rate since October of 2018.
Published on 2019-04-18

Russia Unemployment Rate Unchanged at 4.9% in February
Russia Unemployment rate stood at 4.9 percent in February of 2019, unchanged from the previous month, in line with market expectations and compared with last year’s 5.2 percent.
Published on 2019-03-20



Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.40 4.50 14.10 4.40 percent [+]
Employed Persons 71.60 71.40 74.10 60.40 Million [+]
Unemployed Persons 3.30 3.40 10.40 3.30 Million [+]
Employment Rate 59.10 59.00 66.60 58.80 percent [+]
Labor Force Participation Rate 67.70 62.10 70.30 61.90 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1571616.00 1536667.00 2197833.00 1000000.00 Persons [+]
Wages 48510.00 47020.00 55569.00 0.00 RUB/Month [+]
Wage Growth 2.30 1.60 27.20 -41.40 percent [+]
Wages in Manufacturing 47231.00 40101.00 47231.00 7397.00 RUB/Month [+]
Minimum Wages 11163.00 9489.00 11163.00 132.00 RUB/Month [+]
Population 146.90 146.80 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 RUB/Month [+]
Living Wage Family 23700.00 23500.00 23700.00 23000.00 RUB/Month [+]
Living Wage Individual 14500.00 14800.00 14800.00 13900.00 RUB/Month [+]


Russia Unemployment Rate

In Russia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Russia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.50 14.10 4.40 1992 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


Related
Latest