Q3 2021: unemployment up 2.5% in Georgia
The economic activity rate in the reporting period for women amounted to 42.4%, while for men it reached 64.7%; the labor force participation rate increased both for women and men by 2.2% and 2.8% year-on-year. Photo: Nino Alavidze/Agenda.ge.
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The unemployment rate in Georgia has increased by 2.5% in the third quarter of 2021 compared to the same period of last year, amounting to 19.5%, the National Statistics Office of Georgia (Geostat) reports.
In urban areas, the unemployment rate grew by 1.9%, while in rural areas it increased by 3.5%.
Image: Geostat.
The economic activity rate, or the percentage of the country’s population that is able and willing to work regardless of labour status, has increased by 2.5% compared to the same period of the previous year, and totals 52.8% of the working-age population (population aged 15 and older).
The labour force participation rate (economic activity rate) in urban settlements increased by 2.2%, while in rural settlements it increased by 2.8%,” Geostat reports.
The employment rate in the country increased by 0.7% and totalled 42.5%. In urban areas, it was up by 0.8%, while in rural areas the employment rate grew by 0.7%.
Traditionally, the unemployment rate is higher among men than women, Geostat says.
Image: Geostat.
In the third quarter of 2021, compared to the corresponding period of the previous year, this indicator increased for women by 2.1%, while it increased by 2.9% for men,” reported Geostat.
However, the economic activity rate is higher for men than for women.
The economic activity rate in the reporting period for women amounted to 42.4%, while for men it reached 64.7%; the labour force participation rate increased both for women and men by 2.2% and 2.8% year-on-year.
The Consumer Price Index in October 2021 increased by 1.3% compared to the previous month, while the annual inflation rate in Georgia stood at 12.8%, the latest inflation data of the National Statistics Office of Georgia (Geostat) show.
The consumer price index has increased by 0.7 per cent compared to the previous month, while the annual inflation rate amounted to 12.8 per cent, the National Statistics Office of Georgia (Geostat) reports.
The increased unemployment rate in the second quarter of 2021 is related to coronavirus restrictions imposed in the same period of last year, Georgian Economy Minister Natia Turnava has stated today.
The unemployment rate in Georgia has increased 3.8 per cent in the second quarter of 2021 compared to the same period of last year, amounting to 22.1 per cent, the National Statistics Office of Georgia (Geostat) reports.
The Georgian government will present a programme in the upcoming weeks which will provide socially vulnerable citizens who are fit for work with jobs instead of social assistance, Georgian Prime Minister Irakli Garibashvili said today.
The Consumer Price Index in November 2021 grew by 0.6% compared to the previous month, while the annual inflation rate in Georgia stood at 12.5%, the latest inflation data of the National Statistics Office of Georgia (Geostat) show.
The average monthly salary in Georgia in the third quarter of 2021 has increased by 129 GEL (about $41/€36) compared to the same period last year, totalling 1,368.5 GEL ($441/€392), the latest data of the National Statistics Office of Georgia (Geostat) show.
The inflation rate in Georgia will return to 3% by the end of 2022, Economy Minister Natia Turnava stated earlier today, noting that high inflation is ‘one of the most important issues’ the Georgian population currently faces.