Unemployment rate in Georgia down by 3.1% in Q2, statistics office says

Unemployment rate in Georgia decreased by 3.1 percent in the second quarter of 2024 year-on-year and equalled 13.7 percent across the country. Photo: Nino Alavidze/Agenda.ge

Unemployment rate in Georgia decreased by 3.1 percent in the second quarter of 2024 year-on-year and equalled 13.7 percent across the country, a new update of data from the National Statistics Office of Georgia shows.

Geostat said the number of hired employees had increased by 2.1 percent and reached 935,800 individuals, while the number of self-employed had increased by 10.1 percent and equalled 451,500.

In the same period, the number of unemployed decreased by 17.7 percent and equalled 219,700″, the Office said.

The share of the labour force in the total population aged 15 and older increased by 1.3 percentage points year-on-year and reached 54.5 percent, while the employment rate increased by 2.8 percentage points and amounted to 47 percent.

Employment rate in urban settlements increased by three percentage points and equalled 47.9 percent and in rural areas – by 2.5 percentage points and equalled 45.8 percent.

The share of hired employees among employed individuals was 67.5 percent, 1.6 percentage points lower than the previous year`s corresponding period, according to the Office.

In Q2, the unemployment rate decreased in both urban areas and rural settlements, by 3.5 and 2.5 percentage points respectively.

The body also said the rate was “traditionally higher for men than for women”, adding the indicator had decreased by 3.6 percentage points for women and 2.6 percentage points for men, equalling 10.9 and 15.9 percent, respectively.

The labour force participation rate was higher for men than for women, with the indicator for women at 44.4 percent and for men at 66.1 percent in Q2. The labour force participation rate for women increased by 1.5 percentage points, while for men it increased by one percentage point, compared to the corresponding period of the previous year, Geostat said.

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