In the III quarter of 2024, the unemployment rate in Georgia decreased by 1.8 percentage points compared to the corresponding period of the previous year and equaled 13.8 percent.
In the III quarter of 2024, compared to the corresponding period of the previous year, the number of hired employees increased by 31.2 thousand persons (3.3%) and reached 974.4 thousand, while the number of self-employed - by 9.9 thousand (2.4%) and equaled to 432.7 thousand.
In the III quarter of 2024, the labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.0 percentage points compared to the corresponding period of the previous year and became 54.7 percent.
Galt and Taggart forecasts unemployment to fall to 13.8% in 2024 from 16.4% in 2023.
