The unemployment price in Türkiye decreased by 0.3 proportion factors month-on-month to 7.9% in March, marking the bottom studying since 2005, based on official information on Tuesday.
The variety of unemployed individuals aged 15 years and over decreased by 65,000 to 2.8 million in March, based on information from the Turkish Statistical Institute (TurkStat).
The price was estimated at 6.5% for males and 10.6% for ladies, based on TurkStat. The variety of employed individuals, however, elevated by 391,000 to just about 32.6 million on a month-to-month foundation, the information confirmed.
The seasonally adjusted labor pressure participation price rose 0.4 proportion factors to 53.4%.
The youth unemployment price, for the 15-24 age group, stood at 15.1%, a 0.1 proportion level improve from the earlier month.
The jobless price in Türkiye has seen a sustained constructive pattern in current months, with a price of 8.7% for the entire of 2024, which is beneath the determine estimated within the medium-term program (MTP).
The newest studying was welcomed by Vice President Cevdet Yılmaz, who, in a publish on X, highlighted that the “labor force participation rates of our youth are increasing and the employment rate is rising.”
“According to seasonally adjusted data, the unemployment rate in March 2025 fell to 7.9%, the lowest level since 2005, when monthly labor force statistics began to be announced,” Yılmaz mentioned.
“Our employment increased by approximately 400,000 people compared to the previous month, reaching 32.6 million,” he added.
The Turkish authorities goals to spice up employment, manufacturing and exports whereas curbing inflation.
“Thanks to the intensive investments we have made in line with the importance we attach to education, the number of young people graduating from higher education in our country has increased rapidly in recent years,” the vice chairman additionally mentioned.
“We are determined to continue our policies that will increase our employment and advance our social welfare as foreseen in our medium-term program. In this process, we will continue to closely monitor the transformation in the labor market and take multifaceted measures to protect and increase our employment,” he wrote.
Source: www.dailysabah.com