Russia Jobless Rate Falls To 5.4% In October


Russian unemployment rate decreased to 5.4 percent in October of 2016 compared to 5.5 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.2 percent.

The number of unemployed people decreased by 152 thousand to 4.103 million in September of 2016. Meanwhile, the number of economically active decreased by 0.2 million to 76.6 million (52 percent of population).

Nominal wages rose 8.2 percent year-on-year to an average RUB 36200. Real pay went up 2 percent, following 1.9 percent growth in the previous month and in line with market expectations. Real disposable income decreased 5.9 percent, compared to 1.5 percent in September.

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/18/2016 1:20:08 PM