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FX.co ★ Russia Unemployment Falls to New Record Low

Russia Unemployment Falls to New Record Low

In May 2025, Russia's unemployment rate decreased to 2.2% from 2.3% in April, contrary to market expectations of maintaining the 2.3% rate, thus setting a new record low. This outcome aligns with the Central Bank of Russia's observations, which highlighted labor shortages as a result of military mobilization and the diminished capacity of the Russian economy.

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