In the fourth quarter of 2015 the number of unemployed in Azerbaijan increased by 8.2 thousand people. At the beginning of January this year there were 243.7 thousand unemployed, the State Statistics Committee told Turan.
In Azerbaijan the number of unemployed dropped to the level of the IV quarter of 2012. Over the past three years, according to estimates of SSC, the number of people employed in the economy increased 226.3 thousand.
Only in the IV quarter of 2015 the number of people employed in the economy increased by 15 thousand and reached 4 million 671.6 thousand.
Note that the official status of the unemployed is enjoyed by 28.9 thousand people. ----08D
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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