Unemployment in Russia
Russia's unemployment rate from 2013 to 2022 was generally moderate, with external factors like sanctions and oil price volatility occasionally having a limited impact on the job market. In 2022, the unemployment rate was at a multi-decade low due to emigration, weak demographics and mobilization of men for the war in Ukraine.
The unemployment rate in Russia averaged 5.1% in the decade up to 2022, below the Eastern Europe average of 7.4%. The unemployment rate in Russia was 3.9% in 2022. For more unemployment information, visit our dedicated page.
Russia Unemployment Chart
Note: This chart displays Unemployment Rate for Russia from 2017 to 2024.
Source: Macrobond.
Russia Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 5.8 | 4.8 | 4.0 | 3.2 | 2.5 |
| Unemployment (% of active population, eop) | 5.9 | 4.3 | 3.7 | 3.0 | 2.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian unemployment projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Russian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian unemployment projections.
Want to get access to the full dataset of Russian unemployment forecasts? Send an email to info@focus-economics.com.