The number of unemployed people fell by 245 thousand to 3.792 million from 4.037 million in the corresponding month of the previous year. Compared to July, the number of unemployed decreased by 113 thousand from 3.905 million.
Real wages rose 3.7 percent year-on-year in August, following a downwardly revised 3.1 percent gain in July and missing market expectations of 4.2 percent. Average nominal wages jumped 7.1 percent to RUB 38,040 while annual inflation rate slowed to 3.3 percent, the lowest since at least 1991. Meanwhile, real disposable income dropped 0.3 percent.