Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

Covid-19 will have dealt a heavy blow to the economy at the outset of Q2 2020, after growth seemingly ran out of steam in Q1. Decelerating economic activity, amid a slackening industrial sector and plunging exports due to collapsing global oil prices, suggests the fallout from the pandemic restrained momentum well before the lockdown measures were introduced in late March. Turning to Q2, the compositive PMI plunged to a record low in April, as severe lockdown measures, a crashing ruble and supply-chain disruptions eviscerated domestic and foreign demand through mid-May, likely sending the economy into a sharp contraction. Meanwhile, although the government began easing national lockdown measures on 11 May, soaring number of new Covid-19 cases hint at sustained headwinds ahead. Against this backdrop, President Putin has come under increasing criticism over the state's modest 2.8% of GDP economic support package.

Russia - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate5.2  5.6  5.5  5.2  4.8  

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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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