According to the National Statistical Office of Georgia, in the IV quarter of 2022, the unemployment rate in Georgia decreased by 3.0 percentage points compared to the corresponding period of the previous year and equaled 16.1 percent. The chart below presents the unemployment rate by quarters of 2018-2022 years.

In the IV quarter of 2022, compared to the corresponding period of the previous year, the number of hired employees increased by 42.9 thousand persons (5.1%) and reached 884.1 thousand, while the number of self-employed increased by 18.0 thousand (4.5%) and equaled to 420.4 thousand. In the same period, the number of unemployed decreased by 42.3 thousand (14.5%) and equaled to 249.5 thousand.

In the IV quarter of 2022, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.5 percentage points compared to the corresponding period of the previous year and became 52.7 percent, while the employment rate increased by 2.8 percentage points and amounted to 44.2 percent. The labour force participation rate in urban settlements increased by 1.3 percentage points, in rural settlements - by 1.7 percentage points CHART №1 I Q. 2022 I Q. 2019 III Q. 2018 III Q. 2019 I Q. 2020 II Q. 2018 II Q. 2019 IV Q. 2018 IV Q. 2019 III Q. 2020 I Q. 2021 II Q. 2021 III Q. 2021 IV Q. 2021 II Q. 2020 IV Q. 2020 II Q. 2022 III Q. 2022 I Q. 2018 IV Q. 2022 2 20.02.2023 www.geostat.ge [email protected] NATIONAL STATISTICS OFFICE OF GEORGIA LABOUR FORCE PARTICIPATION RATE AND EMPLOYMENT RATE (%) CHART №2 compared to the previous year, while the employment rate increased in urban settlements by 3.0 percentage points, in rural areas - by 2.3 percentage points and equaled 45.8 and 42.1 percent, respectively.

In the fourth quarter of 2022, compared to the corresponding period of the previous year, the share of hired employees in the total number of employed increased by 0.1 percentage points and equaled 67.8% percent.

In the IV quarter of 2022, the unemployment rate decreased in urban as well as in rural settlements by 3.7 and 1.9 percentage points, respectively compared to the corresponding period of the previous year.

Traditionally, the unemployment rate is higher for men than for women. In the IV quarter of 2022, compared to the corresponding period of the previous year, this indicator decreased for women by 3.1 percentage points, while it decreased by 2.8 percentage points for men.

The labour force participation rate is higher for men than for women. In the IV quarter of 2022, the indicator for women was 42.7 percent and for men – 64.0 percent. The labour force participation rate for women increased by 1.9 percentage points, while for men it increased by 0.9 percentage points, compared to the corresponding period of the previous year.

In the IV quarter of 2022, the employment rate for women as well as for men increased by 2.9 and 2.5 percentage points, respectively compared to the corresponding period of the previous year.

source: IPN