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TÜİK: Unemployment rate decreased to 8.8 percent in July

According to the results of the Household Labor Force Survey published by the Turkish Statistical Institute (“TÜİK”), the unemployment rate decreased by 0.4 percentage points to 8.8 percent in July 2024 compared to the previous month.

TÜİK: Unemployment rate decreased to 8.8 percent in July

In this period, the number of unemployed people decreased by 112 thousand people to 3 million 167 thousand people. Unemployment rate was realized as 7 % for men and 12.4 % for women.

The number of employed people increased by 235 thousand people to 32 million 712 thousand in July and the employment rate became 49.6 %. The employment rate was recorded as 67.4 % for men and 32.2 % for women.

Youth Unemployment Rate Decreased to 16.6 %

Youth unemployment rate, which covers the 15-24 age group, decreased by 1.0 point compared to the previous month and became 16.6 %. While the unemployment rate for young men was 12.2 %, this rate was announced as 25.0 % for young women.

Idle Labor Force Rate Decreased

The idle labor force rate, which consists of time-dependent underemployment, potential labor force and unemployed, decreased to 26.5 % in July 2024, a decrease of 2.7 % points compared to the previous month.

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