HomeEconomyTürkiye's unemployment rate falls to 9.4% in 2023

Türkiye’s unemployment rate falls to 9.4% in 2023

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Türkiye’s unemployment fee dropped by 1.0 share factors in 2023 in comparison with the earlier 12 months to 9.4%, official information shared by the nation’s statistical authority confirmed on Monday.

The variety of unemployed individuals aged 15 years and older decreased by 318,000 to three.26 million final 12 months in comparison with the earlier 12 months, in keeping with the Turkish Statistical Institute (TurkStat) information.

According to the information, the speed was estimated at 7.7% for males and 12.6% for girls.

The variety of employed individuals aged 15 and older elevated by 880,000 to 31.63 million, and the employment fee was 48.3%, 0.8 share factors larger in 2023 than the earlier 12 months.

Meanwhile, the labor pressure was 34.9 million and the labor pressure participation fee was 53.3% in 2023.

The youth unemployment fee within the 15-24 age group was 17.4%, a 2-percentage level lower from the earlier 12 months.

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