Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

Growth seems to have recovered slightly in the second quarter, following a lackluster first-quarter performance which was dented by sliding investment activity and faltering exports. In Q2, economic activity picked up slightly on sturdier industrial production growth, which was underpinned by solid manufacturing output, and increased infrastructure spending under the government’s “national projects”. OPEC+ oil production restrictions and lower gas demand capped the increase, however. Meanwhile, although consumer demand metrics weakened, as suggested by retail sales growth decelerating to a two-year low in Q2, there were signs of improving conditions at the end of the quarter. Higher real wages in Q2 and a lower unemployment rate, which dropped to an all-time low in June, boded well for household consumption, which seemingly also benefited from gradually easing inflation thanks to a relatively strong ruble.

Russia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.5  5.2  5.6  5.5  5.2  

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Russia Unemployment Chart

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

Russia Facts

Bond Yield7.300.13 %Jul 31
Exchange Rate63.38-0.12 %Jul 31
Stock Market2,740-1.03 %Jul 31

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