Unemployment Rate for Georgia

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 11.48 percent as of 12/31/2024, the lowest value since 12/31/2002.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.057 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.057.
The 3 year change in percentage points is -0.311.
The 5 year change in percentage points is -0.085.
The 10 year change in percentage points is -5.96.

The Serie's long term average value is 13.08 percent. It's latest available value, on 12/31/2024, is 1.60 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1991, to it's latest available value, on 12/31/2024, is +8.78.
The Serie's change in percentage points from it's maximum value, on 12/31/2009, to it's latest available value, on 12/31/2024, is -9.23.