The Deputy Minister of Economy Vakhtang Tsintsadze highlighted continued positive labor market trends in Q3 2024, with unemployment at a record low of 13.8%. 

Employment rose by 41,300 to 1.4 million, increasing the employment rate to 47.1%. Both self-employment and hired workforce grew, contributing to a decrease in unemployment. 

Tsintsadze attributed this to stronger economic activity, with international forecasts supporting ongoing growth. Unemployment dropped by 2.6 percentage points in urban areas and 0.5 points in rural areas compared to last year.