Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Russia
LRUNTTTTRUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-23.51%
Date Range
8/1/2009 - 1/1/2022
Summary
The Unemployment Rate Total: 15 Years or over for Russia measures the percentage of the Russian labor force aged 15 and above that is unemployed. This metric is a key indicator of the health and stability of the Russian economy.
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 Unemployment Rate Total tracks the share of the Russian workforce that is actively seeking but unable to find employment. Economists and policymakers monitor this data to assess labor market conditions, guide policy decisions, and forecast broader economic trends.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
The unemployment rate is a crucial input for fiscal and monetary policies aimed at promoting stable, full employment in Russia.
Key Facts
- Russia's unemployment rate averaged 5.7% from 2012-2022.
- The highest recorded unemployment rate in Russia was 14.3% in 1998.
- Youth (15-24) unemployment is generally double the national average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Russia measures the percentage of the Russian labor force aged 15 and above that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of labor market health and the overall strength of the Russian economy. It informs economic policy decisions and provides insight into consumer confidence and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the unemployment rate to guide fiscal and monetary policies aimed at promoting full employment and stable economic growth in Russia.
Q: Are there update delays or limitations?
A: The unemployment rate data is published on a monthly basis with a lag of several weeks. There may be some variation in survey methodology and definitions across time and countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Russia (LRUNTTTTRUM156N), retrieved from FRED.