19.Nov .2019 13:32

Unemployment is Decreased to 11.1% - Why and Whom does Geostat considers employeed?

Unemployment is Decreased to 11.1% - Why and Whom does Geostat considers employeed?
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According to National Statistics Office of Georgia, In the III quarter of 2019 year the unemployment rate in Georgia decreased by 1.1 percentage point compared to the corresponding period of the previous year and equaled 11.1 percent.

In the III quarter of 2019 economically active population constituted 62.5 percent of the working age population (population aged 15 and older). In comparison to the same quarter of the previous year, both the economic activity rate and the employment rate decreased by 1.8 and 0.9 percentage point, respectively. In urban settlements as well as in rural settlements compared to the corresponding period of the previous year the employment rate was decreased by 0.7 and 1.0 percentage point, respectively. In urban settlements the economic activity rate was decreased by 2.1 percentage point compared to the corresponding period of the previous year, while in rural settlements - by 1.4 percentage point.

“In the III quarter of 2019, the share of hired employees was 50.6 percent among employed persons that is decreased by 0.6 percentage point compared to the corresponding period of the previous year”, - Geostat report notes.

In the III quarter of 2019 economically active population constituted 62.5 percent of the working age population (population aged 15 and older). In comparison to the same quarter of the previous year, both the economic activity rate and the employment rate decreased by 1.8 and 0.9 percentage point, respectively. In urban settlements as well as in rural settlements compared to the corresponding period of the previous year the employment rate was decreased by 0.7 and 1.0 percentage point, respectively. In urban settlements the economic activity rate was decreased by 2.1 percentage point compared to the corresponding period of the previous year, while in rural settlements - by 1.4 percentage point.