Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Russia
LMUNRRTTRUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
-71.13%
Date Range
7/1/1991 - 12/1/2021
Summary
This economic trend measures the total number of registered unemployed individuals in Russia's labor market. It provides important insights into the country's labor force dynamics and job market conditions.
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
The Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Russia series tracks the monthly count of people officially registered as unemployed with state employment agencies. This data point is a key indicator of labor market slack and can inform policymakers' decisions on employment programs and economic stimulus.
Methodology
The data is collected through administrative records from Russia's state employment agencies.
Historical Context
Registered unemployment figures are closely monitored by government officials, central banks, and economic analysts to assess labor market health and guide macroeconomic policies.
Key Facts
- Russia's registered unemployment rate peaked at 6.4% in April 2020 during the COVID-19 pandemic.
- The number of registered unemployed individuals in Russia has declined steadily since mid-2020.
- Registered unemployment is typically lower than the total unemployment rate, as not all jobless individuals register with employment agencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Russia who are officially registered as unemployed with state employment agencies.
Q: Why is this trend relevant for users or analysts?
A: Registered unemployment is a key indicator of labor market conditions and can inform policymakers' decisions on employment programs and economic stimulus.
Q: How is this data collected or calculated?
A: The data is collected through administrative records from Russia's state employment agencies.
Q: How is this trend used in economic policy?
A: Registered unemployment figures are closely monitored by government officials, central banks, and economic analysts to assess labor market health and guide macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be delays in reporting from regional employment agencies.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Russia (LMUNRRTTRUM156S), retrieved from FRED.