Türkiye’s unemployment rate eased further and dropped to 8.4% in May, according to the official data from the country’s statistical office on Wednesday.
The seasonally adjusted unemployment rate was down 0.1 percentage points compared to a month earlier, the Turkish Statistical Institute (TurkStat) data showed.
The number of unemployed persons aged 15 years old and over decreased by 27,000 to 3.01 million in May 2024 compared to the previous month, TurkStat said.
The rate was estimated at 7.0% for men and 11.0% for women, according to the data.
The number of employed persons increased by 273,000 to 32.92 million in May 2024 compared to the previous month. The employment rate was 50.0%, an increase of 0.4 percentage points.
The number of persons in the labor force realized as 35.93 million in the month, up by 245,000 when compared to the month earlier, said TurkStat. The labor force participation rate was 54.5%, up by 0.3 percentage points.
The youth unemployment rate in the 15-24 age group was 15.0%, TurkStat said, rising by 0.3 percentage points month-over-month. The data showed that this rate was estimated at 12.8% for men and 19.3% for women.
