Seasonally adjusted unemployment rate which was 9.2 percent in June declined to 8.8 percent in June.
According to Turkish Statistical Institute (TurkStat) broad-defined unemployment fell from 29.2 percent to 26.5 percent in July.
According to Household Labour Force Survey; the number of unemployed persons aged 15 years old and over decreased by 112 thousand to 3 million 167 thousand persons in July 2024 compared to the previous month. As the unemployment rate estimated 8.8 percent with decreased by 0.4 percentage point compared to the previous month; it was estimated 7.0 percent for men and 12.4 percent for women.
Seasonally adjusted employment rate realized as 49.6 percent
The number of employed persons increased by 235 thousand to 32 million 712 thousand persons in July 2024 compared to the previous month. The employment rate occurred as 49.6 percent with increased by 0.3 percentage point. In addition, this rate was 67.4 percent for men, 32.2 percent for women.
Seasonally adjusted labour force participation rate realized as 54.4%
The number of persons in the labour force realized as 35 million 879 thousand persons with increased by 123 thousand persons in July 2024 compared to the previous month. Labour force participation rate was 54.4 percent with increased by 0.1 percentage point. Also this rate was 72.4 percent for men, it was 36.8 percent for women.
Seasonally adjusted youth unemployment rate was 16.6 percent
The youth unemployment rate in the 15-24 age group was 16.6 percent with decreased by 1.0 percentage point compared to the previous month. While this rate was estimated 12.2 percent for men and 25.0 percent for women.
Seasonally and calendar adjusted average weekly actual working hours of persons at work during the reference period estimated 42.5 hours with decreased by 1.3 hours compared to the previous month in July 2024.
Underutilization rate realized at 26.5%
In July 2024, the rate of composite measure of labour underutilization consisting of time-related underemployment, potential labour force and unemployment was 26.5 percent with decreased by 2.7 percentage point compared to the previous month. While combined rate of time-related underemployment and unemployment realized as 17.9 percent, combined rate of unemployment and potential labour force estimated as 18.5 percent.
