Russia's unemployment rate fell to a historic low of 3% in July 2023, slightly below the projected 3.2%. The decrease is largely attributed to significant labor shortages resulting from the departure of numerous workers from the country or their deployment to the war front. The number of unemployed individuals dropped by 75 thousand from the previous month to 2.276 million, and the officially registered unemployed decreased to 0.586 million in July from 0.603 million the month before. In comparison, the jobless rate was higher at 3.9% in July 2022. source: Federal State Statistics Service

Unemployment Rate in Russia averaged 7.09 percent from 1992 until 2023, reaching an all time high of 14.10 percent in February of 1999 and a record low of 3.00 percent in July 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 August of 2023.

Unemployment Rate in Russia is expected to be 3.50 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

Russia Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-02 04:00 PM Jun 3.1% 3.2% 3.2% 3.2%
2023-08-30 04:00 PM Jul 3% 3.1% 3.2% 3.3%
2023-09-27 04:00 PM Aug 3%


Related Last Previous Unit Reference
Unemployment Rate 3.00 3.10 percent Jul 2023
Unemployed Persons 2.30 2.40 Million Jul 2023
Employed Persons 74.00 73.60 Million Jul 2023
Employment Rate 61.10 60.70 percent Jul 2023
Labor Force Participation Rate 62.70 62.60 percent Jun 2023
Productivity 3.70 -0.40 percent Dec 2021
Wages 76604.00 72851.00 RUB/Month Jun 2023
Wages in Manufacturing 70736.00 69200.00 RUB/Month Jun 2023
Wage Growth 10.50 13.30 percent Jun 2023
Minimum Wages 16242.00 15279.00 RUB/Month Jan 2023
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
3.00 3.10 14.10 3.00 1992 - 2023 percent Monthly

News Stream
Russian Jobless Rate Falls to New All-Time Low of 3%
Russia's unemployment rate fell to a historic low of 3% in July 2023, slightly below the projected 3.2%. The decrease is largely attributed to significant labor shortages resulting from the departure of numerous workers from the country or their deployment to the war front. The number of unemployed individuals dropped by 75 thousand from the previous month to 2.276 million, and the officially registered unemployed decreased to 0.586 million in July from 0.603 million the month before. In comparison, the jobless rate was higher at 3.9% in July 2022.
2023-08-30
Russian Jobless Rate Drops to New All-Time Low of 3.1%
Russia’s unemployment rate fell to a new record low of 3.1% in June 2023, slightly below market forecasts of 3.2%, mainly attributed to severe labor shortages caused by the mass exodus of hundreds of thousands of workers from the country or their deployment to the war front. The number of unemployed people declined by 55 thousand from a month earlier to 2.351 million people, while those officially registered as unemployed were down to 0.603 million in June from 0.631 million the month before. In June 2022, the jobless rate was higher at 3.9%.
2023-08-02
Russian Jobless Rate Falls to New Record-Low
Russia’s unemployment rate fell to 3.2% in May 2023, a new record low and below market forecasts of 3.5%, amid ongoing labor shortages due to the mobilization of Russian citizens to join the military and fight in Ukraine. The number of unemployed people decreased by 60 thousand from a month earlier to 2.406 million people, while those officially registered as unemployed went down to 0.631 million in May from 0.636 million the month before. In May 2022, the jobless rate was higher at 3.9%.
2023-06-28