Unemployment in Russia
Russia's unemployment rate over the last decade was generally on a downward trend, though the pandemic in 2020 caused a temporary spike. The rate fell to a multi-decade low in 2024, due to strong domestic demand plus emigration, population ageing and decline, and mobilization of men for the war in Ukraine driving acute labour shortages.
In the year 2024, the unemployment in Russia was 2.51%, compared to 5.16% in 2014 and 3.17% in 2023. It averaged 4.64% over the last decade. For more unemployment information, visit our dedicated page.
Russia Unemployment Chart
Note: This chart displays Unemployment Rate for Russia from 2017 to 2024.
Source: Macrobond.
Russia Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 5.8 | 4.8 | 4.0 | 3.2 | 2.5 |
| Unemployment (% of active population, eop) | 5.9 | 4.3 | 3.7 | 3.0 | 2.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian unemployment projections for the next ten years from a panel of 22 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Russian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian unemployment projections.
Want to get access to the full dataset of Russian unemployment forecasts? Send an email to info@focus-economics.com.