Türkiye's unemployment rate falls to 8.7% in February
According to data released on Monday by the Turkish Statistical Institute (TurkStat), Turkey's unemployment rate decreased to a 4-month low of 8.7% in February, representing a 0.3 percentage point decrease from the previous month. This is a positive change from the rates recorded in January 2024 and February 2023, which were at 9% and 10%, respectively.
- Economy
- Anadolu Agency
- Published Date: 11:52 | 15 April 2024
- Modified Date: 11:52 | 15 April 2024
Türkiye's unemployment rate dropped to a 4-month low of 8.7% in February, down 0.3 percentage point from a month earlier, according to data released on Monday.
The figure was down from 9% in January 2024 and 10% in February 2023, the Turkish Statistical Institute (TurkStat) data showed.
The number of jobless slipped 109,000 from the prior month to 3.08 million as of February.
The unemployment rate was 7.3% for men and 11.3% for women in February.
The labor force participation rate came in at 54% in the month. The employment rate was 49.3%, or 32.4 million people, as of this February.
The youth unemployment rate-ages 15-24-was 15.6% in February, falling from 16.4% in January. The rate was 13.3% for men and 19.6% for women.