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.

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)