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MOSCOW (Reuters) – Russia\’s unemployment rate stood at 6.1% in May, Labour Minister Anton Kotyakov said on Wednesday, an increase from 5.8% recorded in April by the state statistics service.
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Speaking at a conference run by the Russian Union of Industrialists and Entrepreneurs, Kotyakov said the domestic labour market had made it through the peak of the coronavirus pandemic better than a number of other countries.
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He said the domestic labour market was expected to begin its recovery in the fourth quarter.
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Russia has the third highest number of coronavirus cases in the world, with more than 550,000 infections.
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Moscow, the area of Russia worst affected by the outbreak, last week began lifting a lockdown that had been in place for more than two months.
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The unemployment rate announced by Kotyakov is slightly lower than the 6.2% analysts polled by Reuters had expected for May.
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Rosstat, the state statistics service, is expected to release its unemployment data for May on Friday.
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(Reporting by Maria Kiselyova and Anastasia Lyrchikova; Writing by Gabrielle T\\xc3\\xa9trault-Farber; Editing by Tom Balmforth and Jan Harvey)
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