Russia Unemployment Rate Edges Down to 4.9%


Russian unemployment rate declined to 4.9 percent in April of 2018 from 5.3 percent in the same month of the previous year, beating market expectations of 5 percent. In March, the jobless rate was 5 percent.

The number of unemployed people declined by 338 thousand to 3.712 million in April from 4.050 million in the corresponding month of the previous year. Compared to March, the number of unemployed fell by 96 thousand.

Real wages rose 7.8 percent year-on-year in April of 2018, easing only slightly from an upwardly revised 8.7 percent jump in the previous month and beating market expectations of 5.9 percent. Average nominal wages surged 10.4 percent to RUB 43,550 while annual inflation rate stood at 2.4 percent, close to a record low of 2.2 percent in February and January. Meanwhile, real disposable personal income increased by 5.7 percent in April, following a 4.5 percent growth in the previous month.

Russia Unemployment Rate Edges Down to 4.9%


Joana Taborda | joana.taborda@tradingeconomics.com
5/22/2018 1:18:45 PM