Sunday, June 22, 2014

Lenta.ru: Economy: Gosekonomika: Unemployment in Russia has reached historic lows

NoBC4U Note: Translated from Russian using Google Translate.

Unemployment in Russia in May 2014 fell to 4.9 percent from 5.3 percent in April 2014. It is reported by ITAR-TASS , citing data from Rosstat. Thus, Russian unemployment reached historic lows.

According to preliminary results of a sample survey on employment, in May 2014, 3.7 million people, or 4.9 percent of the economically active population, were classified as unemployed (in accordance with the methodology of the International Labour Organization).

Former Russian record was set in August 2012, when the rate was 5.2 per cent of the economically active population. It was the minimum level of unemployment since 2001.

In public employment services as unemployed registered 0.9 million people, including 0.7 million people were receiving unemployment benefits.

According to Rosstat, as compared to May 2013 the number of unemployed fell by 5.2 percent from April 2014 - 7.1 percent.

According to preliminary results of a sample survey on employment, the number of economically active population in May 2014 was 75.3 million people, or more than 52 percent of the total population.

Over the past ten years the highest unemployment rate was registered in Russia in 2000 - 10.5 percent. In 2001, 2003 and 2009, unemployment exceeded 8 percent (8.9 percent, 8.2 percent and 8.3 percent, respectively). In other years the rate ranged from 7.8 percent to 6.5 percent.

Complete story at - Lenta.ru: Economy: Gosekonomika: Unemployment in Russia has reached historic lows

Sorry for this bit of goofiness below, but sometimes a little bit of goofiness goes a lot further than a whole lot of seriousness.  - NoBC4U

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