HomeEconomyTürkiye's unemployment rate continues to decline in 3rd quarter

Türkiye’s unemployment rate continues to decline in 3rd quarter


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Türkiye’s unemployment charge has continued to say no within the third quarter of 2023 and was down by 0.5 proportion factors in comparison with 1 / 4 earlier, the official information shared by the nation’s statistical authority confirmed Friday.

The charge declined to 9.2% within the third quarter, Turkish Statistical Institute (TurkStat) mentioned.

The determine was down from 10% measured in the identical quarter final 12 months, the TurkStat information confirmed.

The variety of seasonally adjusted unemployed individuals aged 15 years previous and over decreased by 161,000 to three.2 million in July-September in comparison with the earlier quarter.

The unemployment charge was estimated at 7.5% for males and 12.5% for ladies. The seasonally adjusted employment charge, then again, got here in at 48.4% or 31.7 million individuals within the three months to September, the information confirmed.

Türkiye’s labor power participation charge skilled a marginal lower of 0.1 proportion factors, falling to 53.4% within the third quarter of this 12 months, in keeping with the information.

In the identical interval, the youth unemployment charge for the 15-24 age group stood at 17.1%, a decline of 0.7 proportion factors from the prior quarter.

Last week’s TurkStat’s month-to-month report on unemployment information revealed the speed in September declined for the sixth consecutive month, reaching its lowest stage since 2014.

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