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.

The number of unemployed declined by 97 thousand to 3.506 million in August from 3.603 million in the previous month. Compared with the previous year, unemployment fell by 290 thousand from 3.796 million.

Real wages in Russia increased by 7 percent year-on-year in August, following a 7.5 percent advance in the previous month and below market expectations of a 7.5 percent gain. Average nominal wages surged 10.3 percent to RUB 41,140 while annual inflation rate rose to 3.1 percent. Meanwhile, real disposable personal income in Russia decreased by 0.9 percent in August, following a 2.3 percent gain in the previous month.

Russian Jobless Rate Falls to New Record Low


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/19/2018 1:10:09 PM