The sitsdsuation in the labor market

In the IV quarter of 2023, the unemployment rate in Kazakhstan, calculated according to the International Labour Organisation's methodology (who did not have a profitable occupation (job), were actively looking for it and were ready to start it), amounted to 4.7%.

9042.3 thousand people were employed in various sectors of the economy, of whom 6906.3 thousand were wage earners (76.4% of all workers in the economy) and 2136 thousand were self-employed (23.6% of all workers in the economy). The employment rate to the population aged 15 and over was 65,1%.

Compared to the corresponding quarter of 2022, total employment increased by 76.7,thousand people, mainly due to employees of 75.4 thousand people, due to self-employed by 1.3 thousand people.

The largest increase in the employed population was observed in the areas of information and communication, professional and scientific activities, art, entertainment and recreation.

Among young people aged 15 - 34²⁾, the unemployment rate was 3.4%. The proportion of NEET youth who do not work and are not engaged in education or vocational training was 7.1% (379.3 thousand people).

Officially, as of the end of January 2024., 264.5 thousand unemployed people were registered in the employment agencies of the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan. The registered unemployed accounted for 2.8% of the labor force.

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.

¹⁾ Data from a sample survey of employment.

²⁾ According to the Law of the Republic of Kazakhstan "On State Youth Policy". From January 1, 2023 the age of young people is increased to 35 years.