Bloomberg News

Russian Unemployment Unexpectedly Drops to Lowest in 3 Months

January 24, 2012

Jan. 24 (Bloomberg) -- Russian unemployment unexpectedly fell last month to its lowest level since September, signaling there may be room for consumer demand to improve.

The jobless rate dropped to 6.1 percent from 6.3 percent in November, the Federal Statistics Service in Moscow said today in an e-mailed statement. The median forecast of nine economists in a Bloomberg survey was for an increase to 6.6 percent.

--With assistance from Zoya Shilova in Moscow. Editors: Andrew Langley, Jennifer Freedman

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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