In the II quarter of 2023, the unemployment rate in Georgia decreased by 1.4 percentage points compared to the corresponding period of the previous year and equaled 16.7 percent, reads the report of GeoStat.

In the II quarter of 2023, compared to the corresponding period of 2022, the number of hired employees increased by 48.7 thousand persons (5.6%) and reached 916.7 thousand, while the number of self-employed increased by 9.0 thousand (2.2%) and equaled to 410.2 thousand. In the same period, the number of unemployed decreased by 14.6 thousand (5.2%) and equaled to 266.9 thousand.

In the II quarter of 2023, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.6% compared to the corresponding period of the previous year and became 53.2%, while the employment rate increased by 2.1% and amounted to 44.3%. The labour force participation rate in urban settlements increased by 1.0%, in rural settlements - by 2.4% compared to the previous year, while the employment rate increased in urban settlements by 2.1%, in rural areas - by 2.0% and equaled 44.9 and 43.4%, respectively.

In the second quarter of 2023, compared to the corresponding period of the previous year, the share of hired employed in the total number of employed increased by 0.7% and equaled 69.1%.

In the II quarter of 2023, compared to the corresponding period of the previous year, the unemployment rate decreased in urban settlements by 2.5%, while in rural settlements it increased by 0.2%.

Traditionally, the unemployment rate is higher for men than for women. In the II quarter of 2023, compared to the corresponding period of 2022, this indicator decreased for women by 0.5%, while it decreased by 2.0 percentage points for men and equaled 14.5 and 18.5%, respectively.

The labour force participation rate is higher for men than for women. In the II quarter of 2023, the indicator for women was 42.9% and for men – 65.1%. The labour force participation rate for women increased by 2.2%, while for men it increased by 0.9%, compared to the corresponding period of the previous year.

In the II quarter of 2023, the employment rate for women as well as for men increased by 2.1 and 2.0%, respectively compared to the corresponding period of 2022.