December unemployment rate announced

According to the results of the Turkish Statistical Institute (TÜİK) Household Labour Force Survey; the number of unemployed persons aged 15 and over decreased by 12 thousand in December 2023 compared to the previous month, reaching 3 million 98 thousand.

The unemployment rate decreased by 0.1 percentage points to 8.8 percent.

The unemployment rate was estimated at 7.1 percent for men and 12.0 percent for women.

EMPLOYMENT RATE ANNOUNCED

The number of employed persons increased by 399 thousand in December 2023 compared to the previous month, reaching 32 million 56 thousand, while the employment rate increased by 0.6 percentage points to 48.8 percent. This rate was 66.1 percent for men and 31.9 percent for women.

YOUTH UNEMPLOYMENT RATE

The unemployment rate for the youth population, covering the 15-24 age group, decreased by 0.8 percentage points compared to the previous month to 15.5 percent.

In this age group, the unemployment rate was estimated at 11.5 percent for men and 22.8 percent for women.

BROAD UNEMPLOYMENT IS ALARMING

The seasonally and calendar-adjusted average actual weekly working hours of those employed and at work during the reference period decreased by 0.1 hours in December 2023 compared to the previous month, standing at 43.7 hours.

The rate of idle labor, consisting of time-related underemployment, potential labor force, and the unemployed, increased by 2.1 percentage points in December 2023 compared to the previous month, reaching 24.7 percent.

News Source: 12punto