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.

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Russia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-08 04:00 PM Dec 3.7% 3.7% 4% 3.8%
2023-03-01 04:00 PM Jan 3.6% 3.7% 4% 3.8%
2023-03-29 04:00 PM Feb 3.6% 3.8% 3.6%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.70 percent Jan 2023
Unemployed Persons 2.70 2.80 Million Jan 2023
Employed Persons 72.90 72.10 Million Jan 2023
Employment Rate 60.10 59.90 percent Jan 2023
Labor Force Participation Rate 62.20 62.70 percent Sep 2022
Productivity 2.80 -0.40 percent Dec 2021
Wages 88468.00 63060.00 RUB/Month Dec 2022
Minimum Wages 16242.00 15279.00 RUB/Month Jan 2023
Wage Growth 0.60 0.30 percent Dec 2022
Wages in Manufacturing 61879.00 59907.00 RUB/Month Sep 2022
Population 145.60 146.20 Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.70 14.10 3.60 1992 - 2023 percent Monthly

News Stream
Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts
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%.
2023-03-01
Russia Jobless Rate Stays at Record Low, Below Expectations
Russia’s unemployment rate was at 3.7 percent in December of 2022, the same record low rate as in November and below market forecasts of 4 percent. The result was in line with previous statements from the Central Bank of Russia that the Russian military’s mobilization to fight in Ukraine exacerbated labor shortages and reduced the capacity of the Russian economy. The number of unemployed people increased by 30 thousand from a month earlier to 2.775 million people, while those officially registered as unemployed fell by 42 thousand to 0.645 million. In December 2022, the jobless rate was higher at 4.3 percent.
2023-02-08
Russia Unemployment Falls to Record Low
Russia’s unemployment rate was at 3.7 percent in November of 2022, the lowest on record, decreasing from the 3.9 percent in the prior month and below market forecasts of 4 percent. The result was in line with previous statements from the Central Bank of Russia that the Russian military’s mobilization to fight in Ukraine exacerbated labor shortages and reduced the capacity of the Russian economy. The number of unemployed persons fell by 152 thousand to 2.745 million.
2022-12-28