In 4Q2022, the unemployment rate in Georgia decreased by 3 percentage points compared to the corresponding period of the previous year and equaled 16.1%, - according to the National Statistics Office of Georgia (Geostat).
Accoridng to the document, in 4Q2022, compared to the corresponding period of the previous year, the number of hired employees increased by 42.9 thousand persons (5.1%) and reached 884.1 thousand, while the number of self-employed increased by 18.0 thousand (4.5%) and equaled to 420.4 thousand. In the same period, the number of unemployed decreased by 42.3 thousand (14.5%) and equaled to 249.5 thousand.
In 4Q2022, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.5 percentage points compared to the corresponding period of the previous year and became 52.7%, while the employment rate increased by 2.8 percentage points and amounted to 44.2%. The labour force participation rate in urban settlements increased by 1.3 percentage points, in rural settlements - by 1.7 percentage points compared to the previous year, while the employment rate increased in urban settlements by 3.0
percentage points, in rural areas - by 2.3 percentage points and equaled 45.8 and 42.1%, respectively.
In 4Q2022, compared to the corresponding period of the previous year, the share of hired employees in the total number of employed increased by 0.1 percentage points and equaled 67.8%.
Traditionally, the unemployment rate is higher for men than for women. In 4Q2022, compared to the corresponding period of the previous year, this indicator decreased for women by 3.1 percentage points, while it decreased by 2.8 percentage points for men.
The labour force participation rate is higher for men than for women. In 4Q2022, the indicator for women was 42.7% and for men – 64%. The labour force participation rate for women increased by 1.9 percentage points, while for men it increased by 0.9 percentage points, compared to the corresponding period of the previous year.
