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Unemployment rate rises to 9.2% in Türkiye

Unemployment rate rises to 9.2% in Türkiye A street vendor waits for customers in Istanbul November 26, 2023. (Reuters Photo)
By Newsroom
Aug 13, 2024 12:12 PM

Türkiye’s unemployment rate increased for the first time in five months, climbing to 9.2% in June, according to the Turkish Statistical Institute (TurkStat).

This marks a 0.7 percentage point rise from the previous month, driven by significant increases in joblessness among women and the youth.

Unemployment data for Türkiye

  • The number of unemployed people increased by 234,000 from May, reaching 3.3 million in June.
  • The unemployment rate for women saw a notable increase, rising from 11.3% to 12.4%, while for men, it climbed from 7.1% to 7.6%.
  • Youth unemployment surged by 1.7 percentage points, reaching 17.6%.
  • The gender gap is more pronounced among the youth, with unemployment among young women rising from 20.9% to 23.2% – compared to an increase from 13.3% to 14.8% among young men.
Unemployment rate rises to 9.2% in Türkiye
Seasonally adjusted main labor force indicators, 15+ age in Türkiye June 2024 (TurkStat)

Labor force participation

  • The labor force participation rate decreased by 0.2 percentage points to 54.4%.
  • The number of employed individuals fell by 341,000, dropping to 32.5 million.
  • The total labor force shrank by 107,000, decreasing to 35.8 million.

Underemployment: The broadly defined unemployment rate, which includes time-related underemployment and potential labor force, rose by 3.2 percentage points to 29.2% in June.

Working hours in Türkiye

  • The average weekly working hours remained stable at 44 hours.
  • Men worked an average of 45.7 hours per week, while women averaged 40.3 hours.

How does unemployment data evolve in Türkiye?

  • Unemployment was 7.4% in November and 8.8% in December 2023, ending the year with an average of 9.4%.
  • The rate was 9.1% in January 2024 and then decreased steadily to 8.5% in both April and May before rising again in June.
Last Updated:  Aug 13, 2024 3:35 PM