Statistics office reports a 3.1% decrease of unemployment rate in Georgia in Q2

A new update of data from the National Statistics Office of Georgia shows a decrease by 3.1 percent of unemployment rate in Georgia in the second quarter of 2024 year-on-year and (13.7 percent across the country).
According to Geostat, the number of hired employees had increased by 2.1 percent (935,800 individuals), while the number of self-employed had increased by 10.1 percent (451,500).
The Office reported a 17.7 percent decrease of the number of unemployed in the same period (219,700).
An increase by 2.8 percentage points was shown by the employment rate (47 percent) and a 1.3 percentage points growth was demonstrated by the share of the labour force in the total population aged 15 and older increased by year-on-year (54.5 percent).
3 percentage points increase of employment rate was registered in urban settlements (47.9 percent) and by 2.5 percentage points in rural areas (45.8 percent).
The Office reported that 67.5 percent among employed individuals were hired employees (1.6 percentage points lower than the previous year’s corresponding period).
The decrease of the unemployment rate in both urban areas and rural settlements was by 3.5 and 2.5 percentage points respectively in Q2.
The rate was traditionally higher for men (2.6 percentage points down, 10.9 percent) than for women (3.6 percentage points decrease, 15.9 percent).
According to Geostat, the indicator of the labour force participation rate was 44.4 percent for women (increased by 1.5 percentage points) and 66.1 percent for men (1 percentage points up) in Q2.

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