Russia’s unemployment rate reaches 6.1% for May

17.06.2020 - Davydova Maria
Russia’s unemployment rate reaches 6.1% for May

Russia’s unemployment rate reached 6.1% in May according to a statement by Labour Minister Anton Kotyakov on Wednesday. The unemployment rate increased from April’s 5.8% which was recorded by Rosstat, the state’s statistics services.

In a conference run by the Russian Union of Industrialist and Entrepreneurs, Kotyakov said that the domestic labor market had fared better in the peak of the COVID-19 outbreak than a number of other countries. He added that the domestic labor market is expected to begin recovery in the fourth quarter.

Russia was severely affected by the COVID-19 pandemic, having the world’s third-highest number of cases with over 550,000 confirmed.

Last week, Moscow began easing its 2-month lockdown measures. Moscow is Russia’s worst-hit area by the pandemic.  

Rosstat is expected to release its May’s unemployment data on Friday.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?