Page 50 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.78, # 1, 2021, pp. 40-65

Compared to developed countries, Azerbaijan had an average unemployment rate,
with an unemployment rate of 5.02% in 2017. Thus, the highest unemployment rate
in the G 8 countries is in Italy -12.0%, in France -11.0%, and the lowest
unemployment rate is in Russia. Britain -7.7%, the US -7.4%, Germany -5.3% and
Japan-3.9%. In the study period, the analysis of materials shows that the
unemployment rate, which is considered a global trend in employment, in the
developed countries of the “eight” ranged from 3.9-12.0% [httrs://www.anaga.
ru/uroven-bezrabotisy.html].

The number of unemployed people in Azerbaijan in 2005 was 317.8 thousand
people, in 2015-243.7 thousand people, in 2016-252.8 thousand people, in 2017-
253.2 thousand people. This indicator compared to 2005 decreased in 2015 by
23.3%, in 2016-by 20.5%, in 2017-by 20.3%. At the same time, compared to 2005,
the number of employed people in the public sector in 2016 decreased by 4.7%, and
in the private sector increased by 26.7%. In Azerbaijan, in 2010-2018, the number of
unemployed decreased by 3.5 thousand people and amounted to 253.8 thousand
people, or an increase of 7.0%. According to the ILO methodology, socio-economic
situation, calculated by the State Statistics Committee of Azerbaijan, in 2018, 253.2
thousand people or 5.02% of the economically active population were classified as
unemployed.It should be noted that the level of long-term unemployment in
Azerbaijan is also quite high: in the total structure of the unemployed population for
more than six months, the share of the unemployed population was 30.9% in 2005,
27.2% in 2014, 26.6% in 2015, 26.0% in 2016, and 25.5% in 2017. At the same
time, the share of job seekers in the total number of unemployed for 12 months or
more is also quite large. The share of job seekers in this group in 2005 was 70.6%,
in 2016-68.2%, in 2017-68.4% [Azerbaijan Statistical Committee, 2019].

It should be noted that the number of employed people in the country in 2003 was
48.0% of the total population, and in 2020-49.7% (Table 1).

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