Russian unemployment rate decreased to an all-time low of 4.3 percent in August of 2019 from 4.5 percent in the previous month and below market expectations of 4.4 percent. Unemployment Rate in Russia averaged 7.46 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.

Unemployment Rate in Russia is expected to be 4.80 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
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Calendar GMT Actual Previous Consensus TEForecast
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 4.5% 4.4% 4.5% 4.5%
2019-09-18 01:00 PM Unemployment Rate Aug 4.3% 4.5% 4.4% 4.4%
2019-10-17 01:00 PM Unemployment Rate Sep 4.3% 4.8%
2019-11-20 01:00 PM Unemployment Rate Oct 4.8%
2019-12-18 01:00 PM Unemployment Rate Nov 5%



Russia Jobless Rate Falls to Record Low of 4.3%

Russian unemployment rate decreased to an all-time low of 4.3 percent in August of 2019 from 4.5 percent in the previous month and below market expectations of 4.4 percent.

The number of unemployed dropped by 106 thousand to 3.258 million in August from 3.364 million in the previous month. Compared with the previous year, unemployment decreased by 248 thousand from 3.506 million.

Meantime, registered unemployment came in at 0.712 million, lower than July's 0.727 million but above last year's 0.679 million.

Russia’s real wages increased 3 percent from the previous year in August of 2019, the same as in the previous month and in line with market expectations. Average nominal wages climbed 7.4 percent to RUB 45,100 while annual inflation was at 4.3 percent, its lowest since December 2018.


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
9/18/2019 1:25:06 PM


News

Russia Jobless Rate Rises from Record Low
Russian unemployment rate rose to 4.5 percent in July of 2019 from an all-time low of 4.4 percent in the previous month and in line with market expectations.
Published on 2019-08-19

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.
Published on 2019-07-17

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 Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.50 14.10 4.30 percent [+]
Employed Persons 72.20 72.00 74.10 60.40 Million [+]
Unemployed Persons 3.40 3.30 10.40 3.30 Million [+]
Employment Rate 59.70 59.40 66.60 58.80 percent [+]
Labor Force Participation Rate 67.70 67.90 70.30 64.20 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1755036.00 1763746.00 2197833.00 1000000.00 Persons [+]
Wages 45900.00 49840.00 55569.00 0.00 RUB/Month [+]
Wage Growth 3.00 3.00 27.20 -41.40 percent [+]
Wages in Manufacturing 43398.00 44505.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.50 14.10 4.30 1992 - 2019 percent Monthly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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