Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Russia
LFUN74TTRUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,200,826.00
Year-over-Year Change
-11.56%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 74 in Russia. Tracking this metric is crucial for policymakers to understand labor market dynamics and inform economic interventions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Labor Statistics: Unemployment Total measure provides a detailed breakdown of the unemployment rate in Russia, segmented by age group. This data series is widely used by economists and analysts to assess the health and resiliency of the Russian labor market.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
Unemployment trends are closely monitored by the Central Bank of Russia and other government bodies to guide monetary and fiscal policies.
Key Facts
- Unemployment rate for 15-74 year-olds in Russia was 4.4% as of the latest data.
- Russia's unemployment rate has steadily declined from a high of 6.4% in 2016.
- Youth unemployment (ages 15-24) remains a persistent challenge in the Russian labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 74 in Russia. It provides a comprehensive view of labor market conditions in the country.
Q: Why is this trend relevant for users or analysts?
A: Monitoring unemployment levels is crucial for assessing the health of the Russian economy and informing policy decisions. This data series is widely used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Russia.
Q: How is this trend used in economic policy?
A: Unemployment data is closely tracked by the Central Bank of Russia and other government bodies to guide monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, with a typical lag of several weeks. While comprehensive, the survey-based nature of the data may not capture all nuances of the labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Russia (LFUN74TTRUQ647S), retrieved from FRED.