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


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