Turkish unemployment rate falls to 9.6% in August
2022.10.10 03:36
[ad_1]
© Reuters. A woman walks past a grocery shop of the Agricultural Credit Cooperatives of Turkey in Ankara, Turkey October 18, 2021. Picture taken October 18, 2021. REUTERS/Cagla Gurdogan
ISTANBUL (Reuters) – Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6% in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8%, data showed on Monday.
The labour under-utilisation measure, which stood at 22.4% in July, has been on a falling trend since peaking at 29.6% in January 2021 due to the economic fallout from pandemic measures.
The unemployment rate for July was revised to 10.0% from an initial 10.1%, data from the Turkish Statistical Institute also showed. The labour force participation rate in August rose 0.4 percentage points from a month earlier to 53.0%.
[ad_2]
Source link
