Deputy Economy Minister highlights economic growth’s “positive impact” in reducing unemployment to “historic low”
Tsintsadze said Georgia's “high economic growth” had made a “positive impact” on the labour market by reducing unemployment to its “historic low” of 16.7%. Photo: Ministry of Economy
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Georgian Deputy Economy Minister Vakhtang Tsintsadze on Friday said the country’s “high economic growth” had made a “positive impact” on the labour market by reducing unemployment to its “historic low” of 16.7 percent.
Tsintsadze cited the National Statistics Office as showing the number of employed individuals was at a “historical maximum” of 1,327,400, with an annual increase of about 57,000 jobs.
The Office on Friday released indicators of the labour force in the country that showed the unemployment rate had decreased by 1.4 percent year-on-year in the second quarter of 2023 and equalled 16.7 percent across the country.
The Office said the number of hired employees had increased by 5.6 percent and reached 916,700 individuals, while the number of self-employed had increased by 2.2 percent and equalled 410,200.
Unemployment rate in Georgia decreased by 1.4 percent year-on-year in the second quarter of 2023 and equalled 16.7 percent across the country, data from the National Statistics Office of Georgia shows.
The Georgian Government must lead the country to peace and its main task is to maintain the rapid development in Georgia, Georgian Prime Minister Irakli Garibashvili told the media on Saturday.
Georgian Prime Minister Irakli Garibashvili on Friday told the Parliament the country’s unemployment rate had decreased to 17.3 percent this year and marked a “historic law”, adding 70,000 jobs had been created in the first quarter of 2023.
Unemployment in Georgia was at its lowest rate in 20 years in 2022, the World Bank has said in its highlighting of statistics showing last year’s figure in the country at 11.3 percent.
Georgian Deputy Economy Minister Vakhtang Tsintsadze on Monday said the number of employed individuals across the country had increased by 7,700 year-on-year and reached a “record-high” figure of 1.36 million in the third quarter of 2023.