FX.co ★ Russia Unemployment Rate Rises in March

Russia’s unemployment rate edged up to 2.2% in March 2026 from 2.1% a month earlier. The number of unemployed rose to 1.674 million from 1.636 million in October, yet remained below the 1.729 million recorded a year earlier. The persistently tight labor market reflects a broad-based shortage of workers across all sectors, driven by military mobilization and increased defense industry recruitment following Russia’s February 2022 invasion of Ukraine, as well as by ongoing emigration.