Unemployment in Russia

Russia Unemployment | Economic News & Forecasts

Russia - Unemployment

While annual growth nearly doubled in Q3 from Q2’s outturn, available data looks mixed, signaling that the upturn was likely boosted by temporary factors. On the one hand, falling inflation, improving consumer confidence, a stable ruble and monetary easing by the Central Bank boded well for overall domestic demand in Q3. On the other hand, retail sales growth slumped in Q3 amid an uptick in the unemployment rate, signaling that consumer demand remained lackluster in the quarter. Moreover, conditions remained challenging on the external front: Merchandise exports fell at the sharpest pace in three years in Q3 amid faltering commodity prices. Turning to Q4, data paints a similarly mixed picture. Sustained monetary policy easing, lower inflation and a supportive budget policy likely spurred consumption in investment activity at the beginning of the quarter. That said, industrial output growth slumped to a five-month low in October, on a downturn in mining activity.

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

ValueChangeDate
Bond Yield6.380.13 %Nov 21
Exchange Rate64.02-0.12 %Nov 21
Stock Market2,943-1.03 %Nov 21

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