Seasonally-adjusted Turkish unemployment rate falls to 9.5% MoM in May

12 Jul '23

2 min read

Pic: Shutterstock

Insights

The number of unemployed aged 15 and above in Turkiye fell by 193,000 to 3.328 million in May this year compared to April.
The number of employed, meanwhile, increased by 63,000 to 31.716 million in May compared to April.
The seasonally-adjusted unemployment rate in the month was 9.5 per cent, with a 0.5-percentage-point fall compared to April figure.

The number of unemployed persons aged 15 and above in Turkiye fell by 193,000 to 3.328 million in May this year compared to April, according to the Household Labour Force Survey. The number of employed, meanwhile, increased by 63,000 to 31.716 million in May compared to April.

The seasonally-adjusted unemployment rate in the month was estimated to be 9.5 per cent, with a 0.5-percentage-point decrease compared to the April figure. It was estimated to be 7.7 per cent for men and 13 per cent for women.

The seasonally-adjusted employment rate in May was 48.5 per cent without any change. It was 66 per cent for men and 31.4 per cent for women.

The seasonally-adjusted labour force participation rate was 53.6 per cent in May, with a 0.3-percentage-point decrease. This rate was 71.5 per cent for men and 36.1 per cent for women.

The seasonally-adjusted youth unemployment rate in the 15-24 age group was 17 per cent in the month, with 1.6 percentage point decrease compared to the previous month. This rate was 14.3 per cent for men and 22.3 per cent for women.

In May this year, the rate of composite measure of labour underutilization, consisting of time-related underemployment, potential labour force and unemployment, was 22.5 per cent on a seasonally adjusted basis—a 1.2-percentage-point decrease compared to the previous month.

Fibre2Fashion News Desk (DS)

More Textiles News - Turkey...