GENERICO.ruЭкономикаUnemployment in Russia remained at a historic low in May

Unemployment in Russia remained at a historic low in May

MOSCOW, July 3 Unemployment in Russia in May remained at a historical low of 2.6%, according to Rosstat data.
«In May 2024, 2 million people aged 15 years and over were classified as unemployed (according to the methodology of the International Labor Organization). The unemployment rate for the population aged 15 years and over in May 2024 was 2.6% ( without excluding the seasonal factor),” says the Rosstat report.

The historical minimum of 2.6% was recorded in April 2024.

If in April the total number of unemployed in the country was 1.961 million people, then in May it increased slightly — to 2.005 million people.
As Rosstat notes with reference to Rostrud data, by the end of May 2024, 0.4 million unemployed citizens were registered with the employment service, of which 0.4 million people had unemployed status, including 0.3 million people received unemployment benefits.
Rosstat, when studying employment and unemployment, uses the methodology of the International Labor Organization, according to which the unemployed are those who, at the time of the study, simultaneously needed work, were looking for it and were ready to start work. The number of labor force in Russia aged 15 years and older, according to Rosstat, in May 2024 amounted to 76.1 million people.

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