In the IV quarter of 2023, the unemployment rate in Georgia decreased by 0.7 percentage points compared to the corresponding period of the previous year and equalled 15.3%, the National Statistics Service (GeoStat) reported.
According to GeoStat, In the IV quarter of 2023, compared to the corresponding period of the previous year, the number of hired employees increased by 74.3 thousand persons (8.4%) and reached 958.4 thousand, while the number of self-employed decreased by 6.6 thousand (1.6%) and equalled to 413.8 thousand. In the same period, the number of unemployed decreased by 0.9 thousand (0.4%) and equalled 248.6 thousand.
In the IV quarter of 2023, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.7 percentage points compared to the corresponding period of the previous year and became 54.3 %, while the employment rate increased 1.8 percentage points and amounted to 46.0 per cent. The labour force participation rate in urban settlements increased by 1.9 percentage points and in rural settlements – by 1.2 percentage points compared to the previous year, while the employment rate increased by 1.7 percentage points in urban settlements, in rural areas – by 1.8 percentage points and equalled 47.5 and 43.9 %, respectively.
In the IV quarter of 2023, compared to the corresponding period of the previous year, the share of hired employed in the total number of employed increased by 2.1 percentage points and equalled 69.8 %.
In the IV quarter of 2023, compared to the corresponding period of the previous year, the unemployment rate decreased in urban settlements by 0.2 percentage points while in rural settlements – by 1.6 percentage points.
Traditionally, the unemployment rate is higher for men than for women. In the IV quarter of 2023, compared to the corresponding period of the previous year, this indicator decreased for women by 0.3 percentage points while for men – by 1.0 percentage points and equalled 13.5 and 16.8 %, respectively.
The labour force participation rate is higher for men than for women. In the IV quarter of 2023, the indicator for women was 44.3% and for men – 65.9 %. The labour force participation rate for women increased by 1.6 percentage points, while for men it increased by 1.9 percentage points, compared to the corresponding period of the previous year.
In the IV quarter of 2023, the employment rate for women increased by 1.5, while for men – by 2.2 percentage points, compared to the corresponding period of the previous year.
