The situation in the labor market

In the III quarter of 2022, 8.8 million people were employed in various sectors of the economy of Kazakhstan, 6.7 million of them were employed (76.1% of the total number of people employed in the economy), 2.1 million people were self–employed (23.9% of the total number of people employed in the economy).

Compared to the III quarter of 2021, total employment increased by 12.5 thousand people, including at the expense of employees (28.5 thousand people), at the same time, the number of self-employed decreased by 16 thousand people.

The number of people who are not fully employed (worked fewer hours due to a decrease in the volume of work, at the initiative of the employer, have a flexible work schedule and other reasons) compared to the previous quarter, it grew by 8% and amounted to 299.3 thousand people.

In the III quarter, the unemployment rate (according to the ILO methodology) remained stable and amounted to 4.9%. The number of unemployed amounted to 450.3 thousand people. The number of people who were out of work, but were not looking for work or were not ready to start work (potential workforce) decreased by 6.6% compared to the II quarter of 2022 and amounted to 48.1 thousand people.

The unemployment rate among young people aged 15 to 28* was 3.8%, the share of NEET youth who do not work and are not engaged in education or vocational training increased 0.1 percentage points and amounted to 6.6%.

Officially, at the end of October 2022, 238.2 thousand unemployed people were registered in the employment bodies of the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan. The share of registered unemployed increased by 0.5 percentage points compared to the previous year and amounted to 2.6% of the workforce.

 

 

 

* 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.

 

www.stat.gov.kz / Official statistics / By industry / Labor and employment statistics