Russia's unemployment rose to 6.4 percent in August 2020 from 6.3 percent in the previous month and above market expectations of 6.2 percent. It was the highest jobless rate since March of 2012, as the coronavirus pandemic continued to hit the labor market. The number of unemployed people increased by 77 thousand from a month earlier to 4.808 million and those officially registered as unemployed surged by 333 thousand to 3.644 million.

Unemployment Rate in Russia averaged 7.38 percent from 1992 until 2020, 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. Russia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Federal State Statistics Service

Unemployment Rate in Russia is expected to be 6.50 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 6.00 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Russia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.30 14.10 4.30 1992 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 04:00 PM May 6.1% 5.8% 6.2% 6.1%
2020-07-17 04:00 PM Jun 6.2% 6.1% 6.3% 6.3%
2020-08-20 04:00 PM Jul 6.3% 6.2% 6.1% 6.2%
2020-09-18 04:00 PM Aug 6.4% 6.3% 6.2% 6.4%
2020-10-20 04:00 PM Sep 6.4% 6.4% 6.5%
2020-11-20 04:00 PM Oct 6.5%
2020-12-18 04:00 PM Nov 6.4%


News Stream
Russia Jobless Rate at Over 8-Year High
Russia's unemployment rose to 6.4 percent in August 2020 from 6.3 percent in the previous month and above market expectations of 6.2 percent. It was the highest jobless rate since March of 2012, as the coronavirus pandemic continued to hit the labor market. The number of unemployed people increased by 77 thousand from a month earlier to 4.808 million and those officially registered as unemployed surged by 333 thousand to 3.644 million.
2020-09-18
Russia Jobless Rate at Over 8-Year High
Russia's unemployment rose to 6.3 percent in July 2020, the highest since March 2012 and above market expectations of 6.1 percent, as the coronavirus pandemic hit the labor market. The number of unemployed people increased by 125 thousand from a month earlier to 4.731 million and those officially registered as unemployed surged by 524 thousand to 3.311 million.
2020-08-20
Russia Jobless Rate Rises Less than Expected in June
Russia's jobless rate rose to 6.2 percent in June of 2020 from 6.1 percent in the previous month, below expectations of 6.3 percent. It was the highest jobless rate since March of 2013, as most Russian cities imposed lockdowns measures to curb the spread of the coronavirus. The number of unemployed persons rose by 93 thousand from a month earlier to 4.606 million and those officially registered as unemployed surged by 644 thousand to 2.787 million. A year earlier the unemployment rate was lower at 4.4%.
2020-07-17
Russian Jobless Rate at Over 7-Year High of 6.1%
Russia's jobless rate rose to 6.1 percent in May of 2020 from 5.8 percent in the previous month, slightly below market expectations of a 6.2 percent. It was the highest jobless rate since March of 2013, as most Russian cities imposed lockdowns measures to curb the spread of the coronavirus. The number of unemployed persons rose by 227 thousand from a month earlier to 4.513 million.
2020-06-19

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.