Unemployment Rate

Actual
3.3%
Previous
3.5%
Forecast
3.6%

The Unemployment Rate released by the The Central Bank of the Russian Federation is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Russian economy. If the rate is up, it indicates a lack of expansion within the Russian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Russian Ruble, while an increase is seen as negative (or bearish).

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