Russia Unemployment Rate

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. Unemployment Rate in Russia averaged 7.50 percent from 1992 until 2019, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.50 percent in September of 2018.

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 5.20 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-01-25	01:00 PM	Unemployment Rate	4.8%	4.8%	4.8%	4.8%
2019-02-19	03:30 PM	Unemployment Rate	4.9%	4.8%	4.9%	4.8%
2019-03-20	02:00 PM	Unemployment Rate	4.9%	4.9%	4.9%	4.9%
2019-04-18	01:00 PM	Unemployment Rate	4.7%	4.9%	4.9%	5.1%
2019-05-24	01:00 PM	Unemployment Rate		4.7%	4.7%	4.7%
2019-06-20	01:00 PM	Unemployment Rate				5%
2019-07-17	01:00 PM	Unemployment Rate				5%

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.

The number of unemployed fell by 137 thousand to 3.518 million in March from 3.655 million in the previous month. Compared with the previous year, unemployment fell by 290 thousand from 3.808 million.

Meanwhile, registered unemployment rose by 2 thousand to 0.818 million from 0.798 million a month earlier. Year-on-year, that number advanced by 3.4 thousand from 0.784 million.

Russia’s real wages showed no growth from the previous year in March, the same as in the previous month and compared with market expectations of a 0.5 percent rise. Average nominal wages jumped 5.2 percent to RUB 45,000 while annual inflation rate advanced to 5.3 percent, the highest since December of 2016.

Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/18/2019 1:18:57 PM

News

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 Unemployment Rate Rises to 9-Month High
Russia's unemployment rate edged up to 4.9 percent in January 2019 from 4.8 percent in the previous month and in line with market expectations. It was the highest jobless rate since last April.
Published on 2019-02-19

Russia Unemployment Rate Unchanged at 4.8%
Russian unemployment rate stood at 4.8 percent in December of 2018, unchanged from the previous month and compared with last year’s 5.1 percent. The number of unemployed increased by 1.2 percent from a month earlier.
Published on 2019-01-25

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.
Published on 2018-12-19

Russia Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	4.70	4.90	14.10	4.50	percent	[+]
Employed Persons	71.50	71.50	74.10	60.40	Million	[+]
Unemployed Persons	3.50	3.66	10.40	3.43	Million	[+]
Employment Rate	59.10	59.10	66.60	58.80	percent	[+]
Labor Force Participation Rate	62.10	61.90	70.30	61.90	percent	[+]
Productivity	1.50	-0.30	7.50	-4.10	percent	[+]
Job Offers	1485830.00	1597663.00	2197833.00	1000000.00	Persons	[+]
Wages	45000.00	43030.00	55569.00	0.00	RUB/Month	[+]
Wage Growth	0.00	0.00	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	[+]

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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.70	4.90	14.10	4.50	1992 - 2019	percent	Monthly

Export Data API

Country	Last		Previous	Range
South Africa	27.60	Mar/19	27.1	31.2 : 21.5	%
Spain	14.70	Mar/19	14.45	26.94 : 4.41	%
Turkey	14.70	Feb/19	14.7	14.8 : 7.3	%
Brazil	12.70	Mar/19	12.4	13.7 : 6.2	%
Italy	10.20	Mar/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.70	Mar/19	8.8	10.7 : 7.2	%
Euro Area	7.70	Mar/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.70	Apr/19	5.8	13.1 : 2.9	%
Australia	5.20	Apr/19	5.1	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.70	Mar/19	4.9	14.1 : 4.5	%
South Korea	4.10	Apr/19	3.8	7.1 : 3	%
United Kingdom	3.80	Mar/19	3.9	12 : 3.4	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
United States	3.60	Apr/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Netherlands	3.30	Apr/19	3.3	7.9 : 3.3	%
Germany	3.20	Mar/19	3.2	11.5 : 0.4	%
Mexico	3.20	Mar/19	3.3	6.42 : 2.22	%
Japan	2.50	Mar/19	2.3	5.5 : 1	%
Switzerland	2.40	Apr/19	2.5	5.7 : 1.5	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%