Türkiye's jobless rate falls to 8.8% in July
Türkiye's unemployment rate fell to 8.8% in July from 9.2% in June, with the number of unemployed decreasing by 112,000 to 3.17 million. The labor force participation rate rose slightly to 54.4%, while youth unemployment edged down to 16.6%.
- Türkiye
- Anadolu Agency
- Published Date: 11:59 | 10 September 2024
- Modified Date: 12:01 | 10 September 2024
Türkiye's jobless rate eased to 8.8% in July, from an 11-month high of 9.2% in June, the Turkish Statistical Institute said on Tuesday.
The number of unemployed fell 112,000 month-on-month to 3.17 million as of July, TurkStat data showed.
The unemployment rate for men decreased by 0.5 percentage points from a month earlier to 7% and was stable at 12.4% for women.
The labor force participation rate came in at 54.4%, a slight rise of 0.1 percentage point from June.
The employment rate rose by 0.3 percentage points to 49.6%, accounting for 32.7 million people.
Youth unemployment, defined as those aged 15-24, ticked down by 0.1 percentage points to 16.6%. The rate was 12.2% for men and 25% for women.