Russia's unemployment rate edged down to 5.4 percent in March of 2021, from 5.7 percent in the previous month and below analyst forecasts of 5.6 percent. It was the lowest rate since March last year but still well above pre-pandemic levels. The number of unemployed people fell by 187 thousand from a month earlier to 4.057 million and those officially registered as unemployed declined by 472 thousand to 1.748 million. source: Federal State Statistics Service
Unemployment Rate in Russia averaged 7.35 percent from 1992 until 2021, reaching an all time high of 14.10 percent in February of 1999 and a record low of 4.30 percent in August of 2019. This page provides - Russia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Unemployment Rate in Russia is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Russia to stand at 6.00 in 12 months time. In the long-term, the Russia Unemployment Rate is projected to trend around 5.50 percent in 2022 and 5.00 percent in 2023, according to our econometric models.