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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia Unemployment Rate climbed to 2.2% in June 2026
FMPMonthlyReleased July 2026
Russia Unemployment Rate climbed to 2.2% in June 2026, released July 2026, up 0.1% from May's 2.1% reading. The reading matched expectations. Unemployment Rate is now the highest in 12 months.
Latest Release
2.2
Actual
2.2
Consensus
2.1
Previous
Median Absolute Error
±0.07 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 2.2
Actual: 2.2
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.82 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.63 | COMMODITIES | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Russia) was reported at 2.2% in July 2026. This matched the market consensus of 2.2% exactly. The reading rose from the previous value of 2.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 2.17%, ranging from 2.1% to 2.2% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 2.17%, unchanged from the prior three. Volatility over the past year (σ 0.05%) is lower than the prior year (σ 0.06%). In July readings over the past 3 years, Unemployment Rate has averaged 2.35%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.07%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Unemployment Rate - RU
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About Unemployment Rate — Russia
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 2.2 %, consensus 2.2 %. Prior reading (Apr 2026): 2.2 %. Before that (Mar 2026): 2.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.82) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - RU Events
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | RU | S&P Global Manufacturing PMI | 50.3 | 50.5 | 50.55 | Medium | |