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.


The number of unemployed rose by 44 thousand to 3.698 thousand in November from 3.654 thousand in the previous month. Compared with the previous year, unemployment fell by 179 thousand from 3.877 thousand. 

Russia’s real wages increased 2.5 percent year-on-year in December of 2018, easing from a downwardly revised 4.2 percent rise in the previous month and well below market expectations of a 4.1 a percent gain. Average nominal wages jumped 6.9 percent to RUB 55,150 while annual inflation rate advanced to 4.3 percent, its highest level since June 2017. Meanwhile, real disposable personal income in Russia went up 0.1 percent in December, following an upwardly revised 3.1 percent fall in November.

Russia Unemployment Rate Unchanged at 4.8%


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/25/2019 1:19:23 PM