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Georgia sees increase in unemployment rate

Georgia Materials 29 December 2020 16:23 (UTC +04:00)
Georgia sees increase in unemployment rate

BAKU, Azerbaijan, Dec.29

By Tamilla Mammadova – Trend:

The unemployment rate in Georgia increased by 0.2 percentage point in the third quarter of 2020 compared to the corresponding period of the previous year and equaled 17 percent, Trend reports referring to National Statistics Office of Georgia (Geostat).

In the reporting period economically active population (labor force) constituted 50.3 percent of the working-age population (population aged 15 and older). The economic activity rate (labor force participation rate) compared to the corresponding period of the previous year, in urban settlements increased by 0.3 percentage point, while that decreased by 3.6 percentage in rural settlements.

The employment rate on the country level decreased by 1.3 percentage points. In urban settlements, the employment rate decreased by 0.7 percentage point, while in rural settlements -by 2.1 percentage point.

In the third quarter of 2020, the share of hired employees was 66.6 percent among employed persons that decreased by 2.3 percentage points compared to the corresponding period of the previous year.

In the reporting period, the unemployment rate in urban settlements increased by 1.7 percentage point compared to the corresponding period of the previous year, while in rural settlements that reduced by 2.1 percentage point.

Traditionally, the unemployment rate is higher for men than for women. In the third quarter of 2020, compared to the corresponding period of the previous year this indicator was decreased for women by 1.5 percentage points, while it increased by 1.4 percentage points for men.

The activity rate (labor force participation rate) is higher for men than for women. In the third quarter of 2020 activity rate for women was 40.2 percent and for men – 61.9 percent. The activity rate for women decreased by 2.8, while that increased by 0.2 percentage point for men, compared to the corresponding period of the previous year.

In the reporting period, the employment rate for women as well as for men decreased by 1.7 and 0.7 percentage points, respectively compared to the corresponding period of the previous year.

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