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Türkiye’s unemployment rate down to 8.7% in February

Türkiye’s unemployment rate decreased slightly and dropped to a four-month low in February, official data shared by the country’s statistical authority showed on Monday.

The seasonally adjusted unemployment rate realized as 8.7% in the month, down 0.3 percentage points from a month earlier, the survey of Turkish Statistical Authority (TurkStat) revealed.

Thus, the figure was down from 9% in January 2024 and 10% in February 2023, TurkStat data showed.

The number of jobless slipped 109,000 from the prior month to 3.08 million as of February.

According to the data, the unemployment rate was estimated at 7.3% for men and 11.3% for women.

The number of employed persons surged by 147,000 to 32.4 million in February 2024 compared to the previous month. The employment rate occurred at 49.3% with an increase of 0.2 percentage points.

The labor force participation rate came in at 54% in the month.

The youth unemployment rate – ages 15-24 – was 15.6% in February, falling from 16.4% in January. The rate was 13.3% for men and 19.6% for women.

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