The situation in the labor market

In the I quarter of 2022, 8.8 million people were employed in various sectors of the economy of Kazakhstan, of which 6.7 million people were employed (76.1% of the total number of people employed in the economy), 2.1 million worked on the basis of self-employment people (23.9% of the total number of people employed in the economy).

Compared to I quarter 2021, total employment increased by 35.2 thousand people, mainly due to employees (30.8 thousand people).

The number of underemployed was 254 thousand people. This category of workers, who worked fewer hours due to a reduction in the volume of work, at the initiative of the employer, have flexible working hours and other reasons.

The number of unemployed (according to ILO methodology) amounted to 453.1 thousand people. The unemployment rate remained unchanged at 4.9%. The number of people who were unemployed but were not looking for a job or were not ready to start working (potential labor force) amounted to 63.1 thousand people.

The unemployment rate among youth aged 15 to 28^* was 3.9%, the share of NEET youth (according to ILO methodology) was 6.7%.

Officially, at the end of April 2022, 193 thousand unemployed were registered with the employment agencies of the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan. The share of registered unemployed was 2.1% of the labor force.

 

* According to the Law of the Republic of Kazakhstan "On State Youth Policy" .

 

Methodical explanation

The unemployed (according to ILO standards) are persons who did not have a profitable occupation (job), were actively looking for it and were ready to start it.

NEET youth are the part of the youth who are not working, not engaged in education or vocational training.