The National Statistics Office of Georgia (Geostat) published preliminary data, revealing that Georgia’s unemployment rate fell to 13.8% in the third quarter of 2024, marking a 1.8% decline compared to 2023.
A detailed breakdown of employment indicators can be found below:
The number of hired workers increased by 3.3%
The number of self-employed individuals grew by 2.4%
The number of unemployed individuals decreased by 10.5%
The labor force participation rate increased by 1%
Overall employment rate increased by 1.8%
Notably, the unemployment rate decreased considerably for men, with a 2 point drop, while for women only by 1.3, by 15.6% and 11.5%, respectively.
