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Unemployment Rate

A report on the number of people that are unemployed and seeking for work. Russia Unemployment Rate is estimated by Federal State Statistics Service. A lower value reflects on a strong labor market, adding to consumer spending, economic growth and the possibility of a rate hike by central banks.

 Russian Unemployment Rate

Russian Unemployment Rate fell on a monthly basis for May 2017 by 1.89% compared to previous month’s value. Results were reported at 5.2%, falling from previous month’s value of 5.3% and met expectations of 5.3%. Unemployment Rate in Russiapeaked at an all-time high point of14.10% in February of 1999and hit rock-bottom at4.80%in August of 2014.