Russia: unemployment



The graph above shows the rate of unemployment as a percentage of the total labour force. The sharp decline in unemployment from 1998 to 2006 is likely due to increased productivity following the financial crisis of 1998 and the government bailout. Since then, unemployment levels have risen, and today it is considered a major setback for Russian economic growth.

High inflation levels limit the ability of the government to offer another stimulus package to help those out of work.