2025年2月，俄罗斯的失业率稳定在2.4%，略高于市场预期的2.3%。失业人数为178.6万人，与1月份的180.8万人几乎持平。与此同时，正式登记的失业人数从34.1万人增加到34.9万人。自2022年俄罗斯入侵乌克兰以来，劳动力短缺继续影响着各个行业，这是由军事招聘、国防工业招聘增加和移民造成的。央行认为这些短缺是其决定维持高利率以抑制通货膨胀的关键因素。相比之下，一年前的失业率更高，为2.8%。

Russia's unemployment rate remained steady at 2.4% in February 2025, slightly above market expectations of 2.3%. The number of unemployed individuals stood at 1.786 million, nearly unchanged from January’s 1.808 million. Meanwhile, the number of officially registered unemployed rose to 0.349 million from 0.341 million. Labour shortages continue to impact various sectors, driven by military recruitment, increased defense industry hiring, and emigration since Russia’s invasion of Ukraine in 2022. The central bank considers these shortages a key factor in its decision to maintain high interest rates to curb inflation. In comparison, the unemployment rate was higher at 2.8% a year earlier.

2月份俄罗斯失业率高于预测（2.3%）：实际（2.4%）。2月份俄罗斯失业率高于预测（2.3%）：实际（2.4%）

Russia Unemployment Rate above forecasts (2.3%) in February: Actual (2.4%).Russia Unemployment Rate above forecasts (2.3%) in February: Actual (2.4%)

标准普尔全球俄罗斯制造业采购经理人指数从2月份的50.2降至2025年3月的48.2，这是自去年9月以来的首次收缩，原因是产出和新订单再次收缩。最新数据也标志着自2022年4月以来最大的收缩，产出收缩幅度为2022年7月以来最大。受国内外销售的影响，新订单自去年10月以来首次下降，速度为近三年来最快。就业人数略有增加，创造的就业机会是自去年8月以来第二快的。与此同时，积压的工作以2024年2月以来的最大速度下降。作为回应，企业减少了采购活动，这是自2022年8月以来的最大幅度。在价格方面，由于材料成本上升和汇率变动更有利，投入价格上涨，尽管自2022年12月以来通货膨胀有所缓解。产出成本通胀也放缓至两年低点。最后，市场情绪升至四个月高点。

The S&P Global Russia Manufacturing PMI fell to 48.2 in March 2025, down from February’s 50.2, marking the first contraction since last September due to a renewed contraction in output and new orders. The latest reading also marked the steepest contraction since April 2022, with output shrinking the most since July 2022. New orders fell for the first time since last October and at the fastest pace in almost three years, weighed by domestic and foreign sales. Employment increased marginally, with the job creation the 2nd-fastest since last August. Meanwhile, the backlogs of work declined at the steepest rate since February 2024. In response, firms reduced purchasing activity, which was the sharpest since August 2022. On prices, input prices rose due to higher material costs and more favourable exchange rate movements, although inflation eased since December 2022. Output cost inflation also slowed to a two-year low. Lastly, sentiment improved to a four-month high.

3月份，俄罗斯标准普尔全球制造业采购经理人指数从之前的50.2降至48.2。3月份，俄罗斯标准普尔全球制造业采购经理人指数从之前的50.2降至48.2

Russia S&P Global Manufacturing PMI dipped from previous 50.2 to 48.2 in March.Russia S&P Global Manufacturing PMI dipped from previous 50.2 to 48.2 in March