Russian Federation Unemployment Rate
Aug 31, 2023
Nov 01, 2023
Time to Release
1 Months 3 Days 3 Hours
|7.08 %||1992-2023||Federal State Statistics Service|
In Russia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Russia's unemployment rate remained stable at a historic low of 3% in August 2023, in line with market forecasts. The historically low reading comes with Russia's economy struggling through a severe worker shortage due to the war in Ukraine, mobilization, and emigration. The number of unemployed individuals dropped by 8 thousand from the previous month to 2.268 million, and the officially registered unemployed fell to 0.569 million in August from 0.586 million the month before. In August 2022, the jobless rate was higher at 3.8%.
Russian Federation Unemployment Rate History
Last 12 readings