Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia
LFUNTTTTRUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,625,523.00
Year-over-Year Change
-43.38%
Date Range
1/1/1992 - 1/1/2021
Summary
The 'Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia' metric tracks the total unemployment rate in Russia for individuals aged 15 and above. This key labor market indicator provides insights into the broader health of the Russian economy.
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
This series measures the total unemployment rate in Russia, encompassing all working-age individuals aged 15 and over who are without jobs but actively seeking employment. Economists closely monitor this data to assess labor market dynamics and broader macroeconomic conditions in the country.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
Policymakers use this unemployment statistic to inform economic and workforce development strategies.
Key Facts
- Russia's unemployment rate averaged 5.5% from 2015-2019.
- Unemployment spiked to 6.4% in 2020 due to the COVID-19 pandemic.
- The Russian government aims to maintain unemployment below 5% nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in Russia for individuals aged 15 and above, providing insights into the overall health of the Russian labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and labor market dynamics, making this data highly relevant for policymakers, economists, and investors analyzing the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers use this unemployment statistic to inform economic and workforce development strategies in Russia.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in survey coverage, but the Russian government aims to provide timely and comprehensive labor market statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia (LFUNTTTTRUA647S), retrieved from FRED.