Russia Unemployment Rate

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. Unemployment Rate in Russia averaged 7.54 percent from 1992 until 2018, 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 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 4.50 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-09-19	01:00 PM	Unemployment Rate	4.6%	4.7%	4.7%	4.7%
2018-10-17	01:00 PM	Unemployment Rate	4.5%	4.6%	4.7%	4.4%
2018-11-20	01:00 PM	Unemployment Rate	4.7%	4.5%	4.7%	4.6%
2018-12-19	01:30 PM	Unemployment Rate	4.8%	4.7%	4.8%	4.7%
2019-01-25	01:00 PM	Unemployment Rate		4.8%	4.8%	4.8%
2019-02-19	01:00 PM	Unemployment Rate				4.50%
2019-03-20	01:00 PM	Unemployment Rate				4.50%

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.

The number of unemployed rose by 43 thousand to 3.654 million in November from 3.611 million in the previous month. Compared with the previous year, unemployment fell by 233 thousand from 3.887 million.

Russia's real wages increased 4.6 percent year-on-year in November of 2018, following an upwardly revised 5.2 percent rise in the previous month and well above market expectations of a 4 percent gain. Average nominal wages jumped 8.6 percent to RUB 42,750 while annual inflation rate rose to 3.8 percent, its highest level since July 2017. Meanwhile, real disposable personal income in Russia decreased 2.9 percent in November, following a 0.3 percent gain in October.

Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/19/2018 1:50:30 PM

News

Russia Jobless Rate Rises from Record Low
Russian unemployment rate rose to 4.7 percent in October 2018 from an all-time low of 4.5 percent in the previous month, and compared to last year's figure of 5.1 percent. The number of unemployed increased by 5.2 percent from a month earlier.
Published on 2018-11-20

Russian Jobless Rate Falls to New Record Low in September
Russian unemployment rate dropped to a fresh record low of 4.5 percent in September 2018 from 5 percent in the corresponding month of the previous year, below market expectations of 4.7 percent. In August, unemployment rate was higher at 4.6 percent.
Published on 2018-10-17

Russian Jobless Rate Falls to New Record Low
Russian unemployment rate dropped to a fresh record low of 4.6 percent in August 2018 from 4.7 percent in the previous month, and compared to last year's figure of 4.9 percent. The number of unemployed decreased by 2.7 percent from a month earlier.
Published on 2018-09-19

Russian Unemployment Rate Unchanged at Record Low
Russian unemployment rate stood at an all-time low of 4.7 percent in July 2018, unchanged from the previous month and compared with last year's 5.1 percent. The number of unemployed increased by 1.7 percent from a month earlier.
Published on 2018-08-17

Russia Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	4.80	4.70	14.10	4.50	percent	[+]
Employed Persons	72.60	72.50	74.10	60.40	Million	[+]
Unemployed Persons	3.70	3.61	10.40	3.43	Million	[+]
Employment Rate	59.90	59.80	66.60	59.30	percent	[+]
Labor Force Participation Rate	62.90	62.80	70.30	62.50	percent	[+]
Productivity	1.50	-0.30	7.50	-4.10	percent	[+]
Job Offers	1738477.00	1753086.00	2197833.00	1000000.00	Persons	[+]
Wages	42750.00	42000.00	51197.00	0.00	RUB/Month	[+]
Wage Growth	4.60	4.40	27.20	-41.40	percent	[+]
Wages in Manufacturing	40226.00	41126.00	41126.00	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	55.00	55.00	55.00	55.00		[+]
Retirement Age Men	60.00	60.00	60.00	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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.80	4.70	14.10	4.50	1992 - 2018	percent	Monthly

Export Data API

Country	Last		Previous	Range
South Africa	27.50	Sep/18	27.2	31.2 : 21.5	%
Spain	14.55	Sep/18	15.28	26.94 : 4.41	%
Brazil	11.60	Nov/18	11.7	13.7 : 6.2	%
Turkey	11.60	Oct/18	11.4	14.8 : 7.3	%
Italy	10.50	Nov/18	10.6	13.1 : 5.8	%
France	9.10	Sep/18	9.1	10.7 : 7.2	%
Argentina	9.00	Sep/18	9.1	20.8 : 5.9	%
Euro Area	7.90	Nov/18	8	12.1 : 7.3	%
Saudi Arabia	6.00	Jun/18	6.1	6.3 : 4.35	%
Canada	5.60	Dec/18	5.6	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.10	Nov/18	5	11.2 : 4	%
Russia	4.80	Nov/18	4.7	14.1 : 4.5	%
United Kingdom	4.10	Oct/18	4.1	12 : 3.4	%
United States	3.90	Dec/18	3.7	10.8 : 2.5	%
China	3.82	Sep/18	3.83	4.3 : 3.82	%
South Korea	3.80	Dec/18	3.8	7.1 : 3	%
Netherlands	3.60	Dec/18	3.5	7.9 : 3.5	%
India	3.52	Dec/17	3.51	8.3 : 3.41	%
Germany	3.30	Nov/18	3.3	11.5 : 0.4	%
Mexico	3.30	Nov/18	3.2	6.42 : 2.22	%
Switzerland	2.70	Dec/18	2.5	5.7 : 1.5	%
Japan	2.50	Nov/18	2.4	5.5 : 1	%
Singapore	2.10	Sep/18	2	6 : 1.4	%