Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

The economy rebounded strongly in Q2, returning to pre-pandemic levels of activity, although the result was flattered by a notable base effect. At home, soaring retail sales, amid a rebound in disposable income and improving labor market conditions, signaled a bounce-back in household spending as the easing of lockdown measures released pent-up demand. Externally, a healthier global oil market and firmer foreign demand likely boosted industrial activity and the external sector, with merchandise exports up by nearly two thirds in Q2—the best reading since our records began in 1995. Moving on to Q3, momentum seems to be waning amid lingering supply-side constraints. Growth in economic activity nearly halved in July, while the manufacturing and the service PMIs dived to ten-month and nine-month lows respectively in August, signaling softer client demand and a stalling recovery towards the end of Q3.

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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