29 January 2023,   15:58
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Level of unemployment in Georgia has decreased to a historical minimum - GeoStat

In the III quarter of 2022, the unemployment rate in Georgia decreased by 3.9% compared to the corresponding period of 2021 and equaled 15.6%, reads the report of GeoStat.

In the III quarter of 2022, compared to the corresponding period of the previous year, the number of hired employees increased by 52 thousand persons (6.0%) and reached 913.8 thousand, while the number of self-employed increased by 25.8 thousand (6.2%) and equaled to 444.3 thousand. In the same period, the number of unemployed decreased by 60.1 thousand (19.3%) and equaled to 250.7 thousand.

In the III quarter of 2022, compared to the previous quarter, the number of hired employees increased by 45.9 thousand persons (5.3%), the number of self-employed increased by 43.1 thousand (10.7%), and the number of unemployed decreased by 30.8 thousand (11.0%).

In the III quarter of 2022, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 0.7 percentage points compared to the corresponding period of the previous year and became 53.5 percent, while the employment rate increased by 2.7 percentage points and amounted to 45.2 percent. The Labour force participation rate in urban settlements decreased by 1.0 percentage points, while it increased by 2.9 percentage points in rural settlements compared to the previous year. The employment rate increased in urban settlements (by 1.8 percentage points) as well as in rural areas (by 3.8 percentage points) and equaled 45.4 and 44.9 percent, respectively.

In the third quarter of 2022, compared to the corresponding period of the previous year, the share of hired employees in the total number of employed has not changed and is 67.3% percent.

In the III quarter of 2022, the unemployment rate decreased in urban as well as in rural settlements by 4.8 and 2.7 percentage points, respectively compared to the corresponding period of the previous year

Traditionally, the unemployment rate is higher for men than for women. In the III quarter of 2022, compared to the corresponding period of the previous year, this indicator decreased for women by 3.5 percentage points, while it decreased by 4.2 percentage points for men.

The labour force participation rate is higher for men than for women. In the III quarter of 2022, the indicator for women was 43.4 percent and for men – 65.3 percent. The labour force participation rate for women increased by 1.0 percentage points, while for men it increased by 0.5 percentage points, compared to the corresponding period of the previous year.

In the III quarter of 2022, the employment rate for women as well as for men increased by 2.4 and 3.2 percentage points, respectively compared to the corresponding period of the previous year.

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