Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia
LFUNTTTTRUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,233,218.00
Year-over-Year Change
-11.49%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic trend measures the total unemployment rate for individuals aged 15 and over in Russia. It is a key indicator of labor market conditions and economic performance.
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: 15 Years or over for Russia provides a detailed view of unemployment levels in the country. This data series is widely used by economists and policymakers to assess the health of the Russian labor market and make informed decisions.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
This unemployment rate is an important metric for evaluating the effectiveness of economic and labor policies in Russia.
Key Facts
- Russia's unemployment rate was 4.7% in 2022.
- The unemployment rate for youth (15-24 years old) was 16.4% in 2022.
- The services sector employs the largest share of the Russian workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 and over in Russia. It provides a comprehensive view of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of economic performance and can inform policy decisions related to employment, economic growth, and social welfare.
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 and economists use this unemployment rate to evaluate the effectiveness of labor market policies and make informed decisions about economic and social welfare programs.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with the most recent updates typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia (LFUNTTTTRUQ647N), retrieved from FRED.