Labour market
LABOR
State
TightConfidence: High
- Level
- Extremely low unemployment
- Momentum
- Barely changing
- Reference period
- August 2026
- Computed
- Oct 31, 2026, 03:30 PM MSK
The labour market is extremely tight, barely moving. Confidence: high.
What this rests on
as of August 2026| Indicator | Role | Value | Read as |
|---|---|---|---|
| Unemployment rate (ILO), aged 15 and over | Primary | 2.20% | Extremely low unemployment · up |
| Unemployment rate (ILO), aged 15 and over · change | Primary | 0.10 pp | Barely changing · up |
| Real wages | Confirming | 103.30% | demand and employment move together · flat |
| Nominal wages | Context | 109.80% | before inflation - the gap to the real figure is inflation · flat |
| Vacancies reported by employers | Context | 1,846 k | the demand side: how many workers employers are looking for · flat |
Block indicators
latest value and its change on the previous readingReal wages · primary
August 2026
103.3
0.00 pp
Unemployment rate (ILO), aged 15 and over · primary
September 2026
2.20%
0.00 pp
Employment
September 2026
75.00
0.00
Vacancies reported by employers
September 2026
1,867
+21.00
Nominal wages
August 2026
109.8
+0.30 pp
Labour productivity index
Q2 2026 · imported
99.5
-2.2