Unemployment rate reached 19.0 percent in Georgia in fourth quarter of 2021

In the IV quarter of 2021, the unemployment rate in Georgia decreased by 1.4 percentage points compared to the corresponding period of the previous year and equaled 19.0 percent. The chart below presents the unemployment rate by quarters of 2018-2021 years, according to the National Statistics Office of Georgia.

“In the IV quarter of 2021, the labour force constituted 51.2 percent of the working-age population (population aged 15 and older), which is 1.2 percentage points more than that was to the corresponding period of the previous year, while the employment rate increased by 1.7 percentage points and equaled to 41.5 percent. The Labour force participation rate in urban settlements decreased by 0.3 percentage points, while in rural settlements increased by 3.1 percentage points. The employment rate increased in urban settlements by 0.9 percentage points and by 2.7 percentage points in rural settlements.

In the IV quarter of 2021, the share of hired employees was 67.6 percent among employed persons that increased by 0.4 percentage points compared to the corresponding period of the previous year.

In the IV quarter of 2021, the unemployment rate in urban settlements decreased by 2.1 percentage points compared to the corresponding period of the previous year, while in rural settlements decreased by 0.2 percentage points.

Traditionally, the unemployment rate is higher for men than for women. In the IV quarter of 2021, compared to the corresponding period of the previous year, this indicator decreased for women by 1.0 percentage points, while it decreased by 1.7 percentage points for men”, reads the press release of the National Statistics Office.

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