Russie: Unemployment, relation to inflation, causes, breakdown of types

As you can see in the graph above, Russia's unemploymnet rate reached an all time high in February of 1999. Interestingly, in the post-communism Russia, Russian officials reported a 2.5 % unemployment in April of 1999 when the "real" rate was at 14.2%. Even this 14.2 % much lower than the actual rate. There were estimated 7.9 million workers who were seeking jobs but were unaccounted for. The true unemployment rate is guesstimated at 25%. The goskomat or Russian state statistics unit acknowledged a 1.4% temporary unemployment rate.

In relation to inflation, in 1999 there was a brief period of increased inflation parallel to the high unemployment rates. 

According to Tatyana Homyakova, the Deputy Director of the Centre for Strategic research at the Academy of National Economy, causes of unemployment include the global economic crisis and structural adjustments in certain industries.She also comments that "Russians just don’t seem to bother that much about unemployment. In the US it was on the news all the time, while Russians were mostly worried about losing their own job. Many people that I’ve talked to mentioned the possibility of finding some small job that they would be able to do, so it’s all up to individual."

Additionally, there are extreme differences in unemployment rates by region. Currently 2% in moscow and 40% in the south of Russia due to different industries.

http://english.ruvr.ru/radio_broadcast/25547106/35411411.html

http://www.tradingeconomics.com/russia/unemployment-rate

http://www.jstor.org/discover/10.2307/155703?uid=3739912&uid=2129&uid=2&uid=70&uid=4&uid=3739256&sid=21101664236773

Russia: Inflation and Price Index, Relationship to GDP, and causes of Inflation

Currently, Russia's CPI inflation is at 6.6 % recorded in December of 2012. In the past 10 years Russia averages a 156.05 % percent inflation with an all time high of 2333 % in 1992 and an all time low in April of 2012 with a CPI of 3.6%.Their price index basket includes mainly food and non-alcoholic beverages.

The fall of the Soviet Union in December of 1991 is directly related the insane amount of inflation in 1992. Before the dissolution of the SU the Russian Federation cntributed to 60 % of all of the Soviet's GDP.

In 1998, the world economic crisis severely damaged Russian economy because of falling prices and low exports of oil and other energy sources that serve as 80% of all exports. This caused great pressure on the ruble, the Russian currency, and created massive inflation. Workers would be paid with bartered goods rather than currency.

Russia recovered quiet well as oil prices began to rise in 1999-2000

Russian government predicts stable growth rates for future years of 3.4% GDP.