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. Unemployment Rate in Russia averaged 7.56 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.

Russia Unemployment Rate
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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.

The number of unemployed declined by 72 thousand to 3.434 million in September from 3.506 million in the previous month. Compared with the previous year, unemployment fell by 385 thousand from 3.819 million. 

Real wages in Russia increased by 7.2 percent year-on-year in September, following a downwardly revised 6.8 percent advance in the previous month and above market expectations of a 6.4 percent gain. Average nominal wages surged 10.8 percent to RUB 42,200 while annual inflation rate rose to 3.4 percent, the highest level since July 2017. Meanwhile, real disposable personal income in Russia decreased by 1.5 percent in September, following a 0.9 percent drop in the previous month.


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
10/17/2018 1:51:08 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 01:00 PM Unemployment Rate 4.7% 4.7% 4.7% 4.6%
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 4.5% 4.7% 4.6%
2018-12-19 01:00 PM Unemployment Rate 4.3%


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.60 14.10 4.50 percent [+]
Employed Persons 73.20 73.40 74.10 60.40 Million [+]
Unemployed Persons 3.43 3.51 10.40 3.43 Million [+]
Employment Rate 60.30 60.50 66.60 59.30 percent [+]
Labor Force Participation Rate 63.20 63.40 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 42200.00 41364.00 51197.00 1.00 RUB/Month [+]
Wage Growth 7.20 6.80 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 [+]


Russia Unemployment Rate

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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.60 14.10 4.50 1992 - 2018 percent Monthly




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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