Economy
Posted: 1 week ago

Unemployment Rate Up in Georgia Compared to Last Year

The unemployment rate in Georgia increased by 2.5 percentage points compared to the corresponding period of the previous year and equaled 19.5%, - according to the preliminary data from the National Statistics Office Of Georgia.

Accoridng to the report, labour force constituted 52.8% of the working age population, which is 2.5 percentage points more than that was to the corresponding period of the previous year, while the employment rate increased by 0.7 percentage points and equaled to 42.5%. The Labour force participation rate (economic activity rate) in urban settlements increased by 2.2 percentage points, while in rural settlements that increased by 2.8 percentage points. The employment rate increased in urban settlements by 0.8 percentage points and by 0.7 percentage points in rural settlements.

In 3Q2021, the unemployment rate in urban settlements increased by 1.9 percentage points compared to the corresponding period of the previous year, while in rural settlements that increased by 3.5 percentage points.

Traditionally, the unemployment rate is higher for men than for women. In 3Q2021, compared to the corresponding period of the previous year this indicator increased for women by 2.1 percentage points, while it increased by 2.9 percentage points for men.

"The labour force participation rate (activity rate) is higher for men than for women. In 3Q2021, the indicator for women was 42.4% and for men – 64.7%. The labour force participation rate (activity rate) for women increased by 2.2 percentage points, while for men - 2.8 percentage points, compared to the corresponding period of the previous year", - the report reads.