BUSINESS
The unemployment rate decreases in Georgia
20 August, 2018
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter, says Gogita Todradze, executive director of the National Statistics Office of Georgia.

According to him, this reduction is mainly related due to the seasonal factors and increase in the employment in the construction and agriculture sector.

Gogita said that “If we analyze annual data, we will see that the unemployment rate is higher in 15-24 years, and as
for the population aged 65 and above, unemployment in this age group is relatively low, which is due to various factors."

According to the data, in the 2nd quarter of 2018, economically active population constituted 64% of the working population (population aged 15 and older). According to them, compared with the previous quarter, the level of population activity and employment increased by 0.2 and 1.4 percentage points respectively. The rate of employment in urban settlements increased by 2.5% compared to the previous quarter and the rate in rural settlement decreased by 0.2%.

The share of self-employed in the second quarter of 2018 amounted 48.7%, which is 1.9% lower compared with the previous quarter.

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