Russia Unemployment Rate Down to 5.2% in May


In May, Russia unemployment rate was recorded at 5.2 percent, down 0.4 percentage points from 5.6 percent reported in April, and 0.2 percentage points from 5.4 percent in May 2012. In the same period, the number of unemployed decreased to 3.90 million from 4.18 million in April and from 3.99 million in May of 2012.

The number of economically active population aged 15-72 years (employed + unemployed) in May 2013, amounted to 75.6 million people, or about 53 percent of the total population of the country.

Among the economically active population, 71.7 million people were classified as engaged in economic activity and 3.9 million people as unemployed using the ILO criteria (ie, had no job or gainful employment, looking for work and were ready to start surveyed in week).

Compared with April, the number of employed people in May 2013 increased by 531 thousand persons or 0.7 percent, the number of unemployed decreased by 277 thousand or 6.6 percent. Compared with May 2012, the number of people employed fell by 709 thousand or 1 percent, the number of unemployed fell by 89 thousand or 2.2 percent.

The total number of unemployed was 3.9 times higher than the number of unemployed registered at public employment services. In late May 2013, in public employment services, 1010 thousand people were registered as unemployed which is 4.8 percent less than in  April and 14.7 percent compared with May 2012.

Russia Unemployment Rate Down to 5.2% in May


GKS | Duarte Ricardo | duarte.ricardo@tradingeconomics.com
6/24/2013 10:33:07 PM