Türkiye’s unemployment price was at a 10-year low in 2023, all the way down to 9.4% from 10.4% in 2022, based on official knowledge shared by the nation’s statistical authority on Monday.
The variety of unemployed individuals aged 15 years and older decreased by 318,000 to three.26 million final yr in comparison with the earlier yr, based on the Turkish Statistical Institute (TurkStat) knowledge.
According to the info, the speed was estimated at 7.7% for males and 12.6% for ladies.
The variety of employed individuals aged 15 and older elevated by 880,000 to 31.63 million, and the employment price was 48.3%, 0.8 share factors increased in 2023 than the earlier yr.
Meanwhile, the labor power was 34.9 million and the labor power participation price was 53.3% in 2023.
The youth unemployment price within the 15-24 age group was 17.4%, a 2-percentage level lower from the earlier yr.
Commenting on the info, Labor and Social Security Minister Vedat Işıkhan underscored the unemployment price realized under the goal within the authorities’s medium-term program (MTP).
“With the 2023 Labor Force Statistics announced by TurkStat, the unemployment rate decreased by 1.0 percentage points in 2023 compared to the previous year, falling to 9.4%. Like this, we have seen the rate below the 10.1% we predicted in the Medium Term Program and the lowest unemployment level in the last 10 years,” he mentioned in a submit on X, previously Twitter.
“Our employment number increased by 880,000 people in the same period, reaching 31.63 million,” he added.
The minister pledged to keep up “our determination in the fight against unemployment and policies that support employment in the coming periods.”
Vice President Cevdet Yılmaz, in a written assertion on his social media account, famous that the unemployment price dipped to a single determine once more after 9 years, bettering past the MTP goal of 10.1%.
“The number of employed people increased by 880,000 people, in line with our prediction in the MTP, reaching 31.63 million in 2023. In this period, when we focus on the fight against inflation, the decrease in the unemployment rate and the increase in employment show the strong outlook of our labor market,” he said in a submit on X.
Trade Minister Ömer Bolat additionally evaluated the unemployment figures in a separate assertion and said, “that the positive trend continued despite many difficulties Türkiye has experienced and the Feb. 6 earthquake disaster that left the nation in mourning.”
He recalled that this determine was 8.9% in 2013, 9.9% in 2014, and 10.4% in 2022.
Reiterating the full variety of employed people, which reached 31.63 million final yr and rose by 880,000, the minister mentioned, “In the Turkish economy, there has been a new employment of 12.27 million people compared to 2005. The positive momentum in reducing the unemployment rate has continued in 2023 as well.”
“Our employment rate increased by 0.8 points compared to the previous year, reaching 48.3%. From 2005 to 2023, the employment rate increased by 8.3%,” he famous.
Furthermore, the minister offered info on sector-based employment figures, evaluating their respective shares in whole employment in 2005 and 2023.
Bolat said that the share of agricultural employment in whole employment was 25.5% with 4.94 million in 2005 and 14.8% with 4.69 million final yr.
He identified that the share of commercial employment in whole employment was 21.4%, development employment 5.7% and companies employment 47.4% in 2005. These charges have been 21.2%, 6.3% and 57.6% final yr, respectively.
He additionally identified that Türkiye’s breakthroughs in business have an necessary influence on labor power statistics. He mentioned, “The contribution of the Turkish construction and construction sector to employment is clearly seen. In addition, these data appear to indicate economic growth in the services field.”
The officers additionally famous that the labor power participation price rose by 0.2 share factors to 53.3% final yr and reported a rise of 9.2 factors in comparison with 2005.
Comparing the labor power participation price of girls, Bolat famous it surged by 0.7 share factors to 35.8% final yr versus 21.3% recorded in 2005.
Underlining the significance of girls’s presence in business life, he mentioned, “With the 2024-2026 Medium Term Program announced immediately after the establishment of our government, it has been seen that our unemployment rate has decreased with the rapid implementation of structural reforms.”
“With the steps to be taken in the coming period, as our production increases, our exports will also increase, thus greatly reducing the unemployment issue.”
“We will work with all our strength to achieve this goal,” he vowed.
Source: www.dailysabah.com