TASHKENT, Uzbekistan, March 4. Unemployment rate in Uzbekistan decreased by 2.1 percent in 2023, Trend reports.
The Institute of Labor Market Research under the Ministry of Employment and Poverty Reduction conducted a broad social survey in 208 cities and districts of the country, estimating the unemployment rate in Uzbekistan.
Thus, the unemployment rate in the country decreased from 8.9 percent to 6.8 percent as of January 1, 2024.
The number of able-bodied citizens in Uzbekistan amounted to 19.7 million last year. Since 2022, their number has increased by 207,400, showing an increase of 1.1 percent.
The study, based on the recommendations of the International Labor Organization, covered 10,000 households, 1,000 mahallas (neighbourhoods, local community, or state administrative unit) and 53,300 residents of the country.
Meanwhile, International Monetary Fund (IMF) expected the unemployment rate in Uzbekistan to be 8.4 percent in 2023, with a 0.5 decrease compared to 8.9 percent recorded in 2022.
At the same time, the IMF expects Uzbekistan's unemployment rate to slow down by some 0.5 percent and reach 7.9 percent in 2024.
