The number of unemployed people fell by 227 thousand to 3.887 million from 4.114 million in the corresponding month of the previous year. Compared to October, the number of unemployed increased by 28 thousand from 3.859 million.
Real wages in Russia rose 5.4 percent year-on-year in November, the same pace as in the previous month and above market expectations of a 4.4 percent increase. Average nominal wages jumped 8 percent to RUB 38,720 while annual inflation rate slowed to 2.5 percent, the lowest since at least 1991. Meanwhile, real disposable income dropped 0.3 percent, after a 1.7 percent fall in October.