HomeEconomyTürkiye's unemployment rate down to 8.7% in February

Türkiye’s unemployment rate down to 8.7% in February

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Türkiye’s unemployment charge decreased barely and dropped to a four-month low in February, official information shared by the nation’s statistical authority confirmed on Monday.

The seasonally adjusted unemployment charge realized as 8.7% within the month, down 0.3 share factors from a month earlier, the survey of Turkish Statistical Authority (TurkStat) revealed.

Thus, the determine was down from 9% in January 2024 and 10% in February 2023, TurkStat information confirmed.

The variety of jobless slipped 109,000 from the prior month to three.08 million as of February.

According to the info, the unemployment charge was estimated at 7.3% for males and 11.3% for girls.

The variety of employed individuals surged by 147,000 to 32.4 million in February 2024 in comparison with the earlier month. The employment charge occurred at 49.3% with a rise of 0.2 share factors.

The labor power participation charge got here in at 54% within the month.

The youth unemployment charge – ages 15-24 – was 15.6% in February, falling from 16.4% in January. The charge was 13.3% for males and 19.6% for girls.

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