Russia Jobless Rate Steady at 5.2% in September


Russian unemployment rate remained unchanged at 5.2 percent in September of 2016 compared with a previous month and in a line with market expectations.

The number of unemployed people decreased by 19 thousand to 4.018 million in September. A year earlier, the figure was 4.032 million. 

Meanwhile, the number of economically active population decreased by 0.4 million to 77.1 million (53 percent of population). Compared to September of 2015, the figure increased by 0.1 million. 

Nominal wages rose 9.4 percent year-on-year to an average RUB 36115. Real pay went up 2.8 percent, following 2.7 percent growth in the previous month and above market expectations of 0.6 percent drop. Real disposable income decreased 2.8 percent, compared to 8.2 percent in August.

Federal State Statistics Service | Yekaterina Guchsina | yekaterina@tradingeconomics.com
10/19/2016 1:34:27 PM