Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

Cooling domestic demand drove a slowdown in GDP growth in Q3. Both investment activity and private spending growth eased, amid a fading base effect and the resurgence of capacity constraints and supply disruptions. More positively, exports rebounded in Q3 amid buoyant global energy demand and progress on the vaccine rollout worldwide. Turning to Q4, the economy seemingly held up well, despite the reintroduction of some Covid-19 measures triggered by record numbers of new cases and virus-related deaths. Economic activity gained steam in October–November, largely due to sturdier industrial output growth. PMI data suggests that momentum improved further in December, as the services sector rebounded. Meanwhile, geopolitical tensions continue to run high at the beginning of 2022, stemming from fears that Russia is gearing up for a possible invasion of Ukraine amid its military buildup along the border.

Russia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.6  5.5  5.2  4.8  4.6  

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Russia Unemployment Chart

Russia Unemployment
Note: Unemployment in % of active population.
Source: Russian Federal State Statistics Service (Rosstat).

Russia Facts

Value Change Date
Bond Yield6.230.13 %Dec 30
Exchange Rate62.03-0.12 %Dec 30

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