Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

A preliminary estimate revealed growth plunged in the first quarter of the year, recording one of the worst readings since the economic downturn in 2015-2016. Although a detailed breakdown is not yet available, the VAT hike, rising inflation, downbeat sentiment and stunted export growth—due to a relatively warm winter in Europe and oil production quotas—likely all combined to stifle growth. Available data for the second quarter is mixed, with industrial production output surging in April while retail sales lost steam. Meanwhile, all eyes are on the upcoming OPEC+ meetings scheduled for late June and whether oil production cuts, which are currently set to expire, will be extended.

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 Yield7.700.13 %Jun 13
Exchange Rate64.52-0.12 %Jun 13
Stock Market2,758-1.03 %Jun 13

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