HomeEconomyTürkiye's unemployment rate eases to 8.8% in July

Türkiye’s unemployment rate eases to 8.8% in July

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The unemployment fee in Türkiye eased in July when in comparison with a month earlier, official knowledge shared by the nation’s statistical authority confirmed on Tuesday.

The seasonally adjusted unemployment fee realized as 8.8%, down 0.4 share factors in comparison with the earlier month, the Turkish Statistical Institute (TurkStat) mentioned.

This fee was estimated at 7.0% for males and 12.4% for girls, it added.

The unemployment fee stood at 9.3% in July final 12 months.

Accordingly, the variety of unemployed individuals aged 15 years previous and over decreased by 112,000 to three.16 million in July in comparison with the earlier month.

Meanwhile, the variety of employed individuals elevated by 235,000 month-over-month to 32.71 million, in keeping with TurkStat.

The labor power participation fee was 54.4%, rising by 0.1 share level.

The youth unemployment fee within the 15-24 age group was 16.6%, lowering by 1.0 share factors in comparison with the earlier month.

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