Türkiye's unemployment hits record low
Read on the website Vestnik KavkazaTürkiye's unemployment rate was at a 10-year low in 2023, down to 9.4% from 10.4% in 2022, according to the Turkish Statistical Institute data.
The number of unemployed people dropped by 318,000 to 3.26 million year-on-year in 2023. The rate was 12.6% for women and 7.7% for men in 2023.
The youth unemployment rate - in the 15-24 age group - was 17.4% with a 2% decrease compared to the previous year.
The number of employed persons was at 31.6 million, up by 880,000 in 2023 versus 2022.
The employment rate was at 48.3% with a 0.8% increase in 2023 compared to the previous year.
The labor force was 34.9 million and the labor force participation rate was at 53.3% in 2023.