In the III quarter of 2024, the unemployment rate in Georgia decreased by 1.8 percentage points compared to the corresponding period of the previous year and equaled 13.8%, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).
In the III quarter of 2024, compared to the corresponding period of the previous year, the number of hired employees increased by 31.2 thousand persons (3.3%) and reached 974.4 thousand, while the number of self-employed - by 9.9 thousand (2.4%) and equaled to 432.7 thousand. In the same period, the number of unemployed decreased by 26.4 thousand (10.5%) and equaled 225.7 thousand.
In the III quarter of 2024, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.0 percentage points compared to the corresponding period of the previous year and became 54.7%, while the employment rate increased 1.8 percentage points and amounted to 47.1 percent. In urban settlements, the labour force participation rate increased by 2.0 percentage points compared to the corresponding period of the previous year, while in rural settlements it decreased by 0.3 percentage points. The employment rate increased by 3.2 percentage points in urban settlements, in rural settlements it remained unchanged and equaled 48.7 and 44.8%, respectively.
In the III quarter of 2024, compared to the corresponding period of the previous year, the share of hired employed in the total number of employed increased by 0.2 percentage points and equaled 69.2%.
In the III quarter of 2024, compared to the corresponding period of the previous year, the unemployment rate decreased in urban settlements by 2.6 percentage points while in rural settlements - by 0.5 percentage points.
Traditionally, the unemployment rate is higher for men than for women. In the III quarter of 2024, compared to the corresponding period of the previous year, this rate decreased by 1.3 percentage points for women and by 2.0 percentage points for men, equaling 11.5 and 15.6 percent, respectively.
The labour force participation rate is higher for men than for women. In the III quarter of 2024, the indicator for women was 44.9 percent and for men – 66.1 percent. The labour force participation rate for women increased by 1.9 percentage points, while for men it increased by 0.2 percentage points, compared to the corresponding period of the previous year.
In the III quarter of 2024, the employment rate for women increased by 2.2, while for men - by 1.5 percentage points, compared to the corresponding period of the previous year.
