Turkish unemployment rate falls to 9.6 per cent in August

Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6 per cent in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8 per cent, data showed on Monday.

The labour under-utilisation measure, which stood at 22.4 per cent in July, has been on a falling trend since peaking at 29.6 per cent in January 2021 due to the economic fallout from pandemic measures.

The unemployment rate for July was revised to 10.0 per cent from an initial 10.1 per cent, 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 per cent.