Russia's jobless rate held steady at 4.6 percent in November 2019, slightly below market expectations of 4.7 percent, as the number of unemployed increased to 3.507 million from 3.476 in the previous month. Meanwhile, the number of people registered as out of work rose to 0.664 million from 0.645 million. Compared with the same period last month, the number of unemployed declined sharply from 3.654 million.
Unemployment Rate in Russia averaged 7.43 percent from 1992 until 2019, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.30 percent in August of 2019. This page provides - Russia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Federal State Statistics Service
Unemployment Rate in Russia is expected to be 4.60 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 5.00 percent in 2020, according to our econometric models.