As of the 1st of October this year, the number of workers employed in the economy reached 1 501.7 thousand people. This is 24 thousand, or 1.6 % more than in January. According to the committee, is the result of the activities of the private sector , where the number of employees in the mentioned period increased from 578.6 million to 603.3 million ( +4.2 %).
In the State Statistics Committee said they definitely changed and sectoral structure of employees. By early October, worked in education 22.4 % self-employed workers , while at the beginning of this year, the figure was 22.7 % , health and social services - 8.7% ( 8.8%), information and communication - 1.7 % (1.8 %) , construction - 7.3 ( 7.5%).
It is noteworthy that despite the slight increase in the number of employees in education and health care in 2012 compared to 2005 (by 2.8 % and 1.2 %) in both the public administration, defense and social security number of employees increased from 48.2 thousand to 95.6 thousand people. It is noteworthy that in the processing industry , which is one of the most important spheres of economic activity , during this period the number of employees decreased from 104.5 thousand to 97.6 thousand ( -6.7 %).
According to the State Statistics Committee, in 2012 jobs were given to 180,275 people, and laid off were 113,508 people. As many as 3,561 of the people laid-off left work due to redundancy. - 08D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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