Russia’s unemployment rate was at 3.6% in January 2023, the lowest on record, down from 3.7% in December and below market forecasts of 4%. The downward trend in unemployment mainly reflects ongoing labor shortages because so many people left Russia or were mobilized into the war. The number of unemployed people decreased by 41 thousand from a month earlier to 2.734 million people, while those officially registered as unemployed went up to 0.666 million in January from 0.645 million the month before. In January 2022, the jobless rate was higher at 4.4%. source: Federal State Statistics Service
Unemployment Rate in Russia averaged 7.16 percent from 1992 until 2023, reaching an all time high of 14.10 percent in February of 1999 and a record low of 3.60 percent in January of 2023. 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 March of 2023.
Unemployment Rate in Russia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Unemployment Rate is projected to trend around 4.50 percent in 2024 and 4.80 percent in 2025, according to our econometric models.