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Turkey's unemployment rate dips to 9.5% in May

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BM.GE
10.07.23 15:26
242
The unemployment rate in Turkey edged down 0.5 percentage points month-over-month to 9.5% in May, official data showed on Monday.

The Turkish Statistical Institute (TurkStat) data also showed a seasonally adjusted measure of labor under-utilization fell 1.2 percentage points to 22.5%.

The labor under-utilization measure has slid after peaking at 29.6% in January 2021 due to the economic fallout from pandemic measures but has risen slightly in recent months.

TurkStat data showed the labor force participation rate in May dropped to 53.6% from 53.9% a month earlier.

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