Seasonally-adjusted Turkish unemployment rate estimated 8.8% in Jul

The seasonally-adjusted unemployment rate was an estimated 8.8 per cent in the month—a decrease of 0.4 percentage point (pp) compared to the previous month; it was an estimated 7 per cent for men and 12.4 per cent for women.

Seasonally adjusted, the number of employed persons increased by 235,000 to 32.712 million in July compared to the previous month. The employment rate was 49.6 per cent—a rise of 0.3 pp; this rate was 67.4 per cent for men and 32.2 per cent for women, a release from the Turkish Statistical Institute said.

The number of persons in the labour force was 35.879 million in the month—an increase of 123,000 compared to the previous month. The labour force participation rate was 54.4 per cent—a rise of 0.1 pp; this rate was 72.4 per cent for men and 36.8 per cent for women.

The youth unemployment rate in the 15-24 age group was 16.6 per cent—a decrease of 1 pp compared to the previous month; this rate was an estimated 12.2 per cent for men and 25 per cent for women.

ALCHEMPro News Desk (DS)