Rosstat: People’s Factual Income Down 2%

22 April 2019 (09:16)

UrBC, Moscow, April 22, 2019. Russians’ factual incomes dropped by 2% in the first quarter of 2019 compared with the first quarter of 2018, Rosstat’s recent data indicate.

The people’s factual take-home pay (with all the inflation adjustments in place) dropped by 2.3% in the first quarter of 2019 compared with one year previously, Rosstat states.

A Russian’s monthly salary comes to RUB 45,000 on average (up 5.2% on March 2018). Since the consumer price index fluctuated by exactly the same percentage, the factual take-home pay thus remained at the same level as last March.

According to the International Labor Organization’s methodology-consistent unemployment reports, there are 3.5 million people out of jobs at the moment; this is down 7.6% on March 2018. The number of people officially registered as unemployed came to 800,000 people, Rostrud reports. This is 4.4% more than one year earlier.

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