Kyrgyzstan reports decline in official unemployment rate
The number of citizens registered as unemployed in Kyrgyzstan is decreasing annually, according to the Ministry of Labor, Social Security, and Migration, Kabar reported.
The decline is due to the growing number of informally employed citizens who work without a work record book or are temporarily employed in seasonal jobs, explains Saadatkul Mukanbetova, a leading specialist in the employment promotion department.
"Also, the social contract came into effect in 2023 - those unemployed began receiving child support payments from the state. This also contributed to a reduction in the number of officially registered unemployed people. Last year, from January to October, we had over 70,000 registered unemployed; now, it's around 50,000," Mukanbetova noted.
She added that a large number of citizens are contacting the ministry for employment consultations. Overall, the number of such requests has reached 120,000.
Earlier, it was reported that South Korea added more than 190,000 jobs in October, continuing an upward trend in employment this year.