The unemployment charge in Türkiye decreased barely to eight.8% in December 2023, from 8.9% a month earlier in response to information shared by the nation’s statistical authority on Monday.
The variety of unemployed individuals – aged 15 and over – went down by 12,000 to almost 3.1 million, the Turkish Statistical Institute (TurkStat) mentioned. The determine got here in at 7.1% for males and 12% for girls.
The youth unemployment charge aged between 15-24 years stood at 15.5%, with a lower of 0.8 share factors in comparison with the earlier month, it added.
The variety of employed individuals, in the meantime, elevated by 399,000 to achieve 32.05 million. The employment charge occurred at 48.8% with a rise of 0.6 share factors. In addition, this charge was 66.1% for males and 31.9% for girls.
The seasonally adjusted labor drive participation additionally noticed a rise, reaching 53.5%. The variety of people within the labor drive surged by 387,000 month-over-month to 35.15 million in December, in response to TurkStat.
Commenting on the information, Vice President Cevdet Yılmaz in a written put up on his social media account on X, previously Twitter highlighted what he mentioned was the highest-ever employment stage.
“According to seasonally adjusted data, the unemployment rate was realized at 8.8% in December, and our December employment exceeded 32 million people, reaching the highest level ever,” he mentioned.
“In light of these data, it is clear that the unemployment rate in 2023 will be realized in single digits, below the 10.1% we envisaged in the Medium Term Program,” he added.
“In the coming period, we will continue to implement our employment-friendly policies in the perspective of investment, employment, production and exports and to fight with determination against unemployment.”
Türkiye’s unemployment charges have proven steady indicators of easing in latest months with the final double-digit determine recorded in March 2023, as per TurkStat.
Source: www.dailysabah.com