Us Unemployment Hit A Historic Low This Year - But It's Even Lower In Russia

zsalfiti@insider.com (Zinya Salfiti), Business Insider
Wed, 07/05/2023 - 5:27am

Russians depart in Moscow after being called up in Moscow's partial mobilization, October 4, 2022.Sefa Karacan/Anadolu Agency via Getty Images Russia's unemployment rate is hovering at just over 3%, according to state-owned news agency TASS. The extremely low reading comes with the economy suffering a record worker shortage as the war in Ukraine drags on. If the figures are correct, unemployment is even lower in Russia than it is in the US. Unemployment in the US hit a multi-decade low this year – but it's reportedly even lower in Russia.

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