HomeEconomyTürkiye's unemployment rate climbs to 9.2% in June

Türkiye’s unemployment rate climbs to 9.2% in June

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Türkiye’s unemployment charge rose to 9.2% in June from a revised 8.5% in May, official knowledge by the nation’s statistical authority confirmed on Monday.

The variety of unemployed individuals aged 15 and over elevated by 234,000 to three.3 million in June in comparison with the earlier month, in accordance with the Turkish Statistical Institute (TurkStat) knowledge.

The charge was 8.5% in May and eight.7% in April, respectively. The May charge was revised from the sooner introduced 8.4%.

The unemployment charge stood at 9.4% in June final yr.

According to the information, Türkiye’s jobless charge rose to an 11-month excessive in June 2024 after a interval of no development.

In June, the unemployment charge was estimated at 7.6% for males and 12.4% for girls, TurkStat stated.

The variety of employed individuals decreased by 341,000 to 32.52 million in June in comparison with the earlier month. Thus, the seasonally adjusted employment charge was 49.3%, in accordance with the information.

The variety of individuals within the labor drive stood at 35.83 million in June, down by 107,000 in comparison with May. The labor drive participation charge decreased by 0.2 proportion factors to 54.4%.

Moreover, the information revealed that the youth unemployment charge – within the 15-24 age group – was 17.6%, with a rise of 1.7 proportion factors in comparison with the earlier month. The charge was 14.8% for males and 23.2% for girls.

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