Unemployed Population: Aged 15 and over: All Persons for Russia
LFUNTTTTRUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,611,910.78
Year-over-Year Change
-11.19%
Date Range
8/1/2009 - 6/1/2011
Summary
The 'Unemployed Population: Aged 15 and over: All Persons for Russia' measures the total number of unemployed individuals aged 15 and above in Russia. This key economic indicator provides insights into the labor market and is closely monitored by policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total number of unemployed individuals in Russia aged 15 and over. It is an important metric used by economists and government agencies to assess the overall health of the Russian labor force and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
Trends in the unemployed population are crucial for evaluating the effectiveness of labor market policies and informing broader economic strategies.
Key Facts
- Russia's unemployed population was 3.78 million as of 2022.
- The unemployment rate in Russia was 4.3% in 2022.
- The unemployed population in Russia has declined by 0.9 million since 2015.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total number of unemployed individuals aged 15 and above in Russia. It provides a comprehensive view of the overall size of the unemployed population.
Q: Why is this trend relevant for users or analysts?
A: The unemployed population is a crucial indicator of labor market conditions and overall economic performance. Tracking this metric helps policymakers and analysts assess the effectiveness of employment policies and inform broader economic strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Trends in the unemployed population are closely monitored by policymakers and economists to evaluate the state of the labor market and inform decisions on employment, social welfare, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Russian Federal State Statistics Service, with a typical update frequency of monthly or quarterly. There may be occasional delays in data reporting, but the series is generally considered a reliable and comprehensive measure of the unemployed population in Russia.
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Citation
U.S. Federal Reserve, Unemployed Population: Aged 15 and over: All Persons for Russia (LFUNTTTTRUM647N), retrieved from FRED.