Home / Economy / In 2014, Unemployment Rate in Georgia Lowered 2.2% and Totaled 12.4%
In 2014, Unemployment Rate in Georgia Lowered 2.2% and Totaled 12.4%

In 2014, Unemployment Rate in Georgia Lowered 2.2% and Totaled 12.4%

According to the National Statistical Service, in 2014 Georgia’s unemployment rate lowered  2.2 percentage points compared to 2013 and totaled 12.4 percent. It should be noted that in 2014 the unemployment rate hit 11 -year lows.

In  2014 the economically active population made 66.5 per cent of the  working-age population (15 years and older population). Compared to the  previous year, activity level of  the population has increased by 0.3 percent, while the employment rate – by 1.7 percent. In addition, in 2014 the unemployment rate reached its highest level in the last 11 years. The employment level increased by 1.6 percentage points both  in rural and urban areas. The unemployment rate is much lower in rural population, compared with city residents. In 2014, the unemployment rate reduced  both in urban and rural areas compared to 2013 and totaled 22.1 and 5.4 percent respectively.

In addition, the unemployment rate in urban areas reached 11- year minimum while in rural areas – in the last 7 years. Considering  employment and unemployment rates by gender  it should be noted that in 2014 the unemployment rate decreased  both  among women (1.9 percent) and men (2.5 percentage) compared with 2013. Traditionally, the unemployment rate is higher among men than women. In 2014, the employment rate among women has reached its highest level in the last 13 years, and among men – in the last 11 years totaling 51.1 and 66.6 percent respectively.