Unemployment in Russia rose to its highest level in eight years

In Russia the number of officially registered unemployed in may 2020 rose to 2 million 143 thousand people with 1 million 311 thousand in April and 727 thousand in March, this was reported “Interfax” with reference to Rosstat data.

The number of unemployed persons in may increased compared with April by 227 thousand and reached 4 million 513 thousand

In may, the unemployment rate rose to 6.1% from 5.8% in April. The last time the unemployment rate in Russia exceeded 6% in March 2012, the Agency said.

According to the Minister of labour and social protection of the Russian Federation Anton Kotyakova, on June 17 in Russia, there were already 2 million 476 thousand unemployed citizens, the Agency reports.

The minimum unemployment rate in Russia was recorded in August 2019 and 4.3%.

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