Türkiye's jobless rate falls to 8.8% in July

Number of unemployed aged 15 and over decreases by 112,000 from month earlier to 3.17 million

By Tuba Ongun

ANKARA (AA) – Türkiye's jobless rate eased to 8.8% in July, from an 11-month high of 9.2% in June, the Turkish Statistical Institute said on Tuesday.

The number of unemployed fell 112,000 month-on-month to 3.17 million as of July, TurkStat data showed.

The unemployment rate for men decreased by 0.5 percentage points from a month earlier to 7% and was stable at 12.4% for women.

The labor force participation rate came in at 54.4%, a slight rise of 0.1 percentage point from June.

The employment rate rose by 0.3 percentage points to 49.6%, accounting for 32.7 million people.

Youth unemployment, defined as those aged 15-24, ticked down by 0.1 percentage points to 16.6%. The rate was 12.2% for men and 25% for women.

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