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    Home > Top Stories > Russia jobless rate stays at record low of 3.9% in July
    Top Stories

    Russia jobless rate stays at record low of 3.9% in July

    Published by Uma Rajagopal

    Posted on September 1, 2022

    1 min read

    Last updated: February 4, 2026

    A bustling job fair in Krasnoyarsk, Russia, where attendees explore employment opportunities amid a record low unemployment rate of 3.9% as reported in July 2022. This image captures the vibrancy of the job market in Russia, reflecting the overall economic stability.
    Job fair in Krasnoyarsk highlighting Russia's low unemployment rate of 3.9% - Global Banking & Finance Review
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    Tags:unemployment ratesfinancial sectoreconomic growth

    Quick Summary

    MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at the record low reached in May, the statistics service said on Wednesday.

    MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at the record low reached in May, the statistics service said on Wednesday.

    Analysts polled by Reuters had forecast unemployment of 4.1%.

    Rosstat provided the following data:

    RUSSIAN UNEMPLOYMENT July 22 June 22 July 21

    No. unemployed (mln) 2.900 2.951 3.430

    Officially registered (mln) 0.821 0.841 1.326

    Jobless rate (%) 3.9 3.9 4.5

    NOTE – Figures based on the methodology of the International Labour Organisation.

    (Reporting by Reuters)

    Frequently Asked Questions about Russia jobless rate stays at record low of 3.9% in July

    1What is Rosstat?

    Rosstat is the Federal State Statistics Service of Russia, responsible for collecting and analyzing statistical data related to the economy, population, and social conditions.

    2What is the workforce?

    The workforce refers to the total number of people engaged in or available for work, including both employed and unemployed individuals.

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