Turkey’s unemployment rate decreases by 0.3% in June
The number of unemployed persons aged 15 years old and over decreased by 136 thousand to 3 million 541 thousand persons in June 2022 compared to the previous month, the Turkish Statistical Institute said in a statement.
As the unemployment rate estimated 10.3% with 0.3 percentage point decrease compared to the previous month; it was estimated 8.5% for men and 13.8% for women.
Seasonally adjusted employment rate realized as 47.8%
The number of employed persons decreased by 46 thousand to 30 million 866 thousand persons in June 2022 compared to the previous month. The employment rate occurred as 47.8% with 0.1 percentage point decrease. In addition, this rate was 65.3% for men, 30.6% for women.
Seasonally adjusted labor force participation rate realized as 53.2%
The number of persons in the labor force realized as 34 million 407 thousand persons with 182 thousand persons decrease in June 2022 compared to the previous month. Labor force participation rate was 53.2% with 0.4 percentage point decrease. Also, this rate was 71.3% for men, it was 35.5% for women.
Seasonally adjusted youth unemployment rate was 20.4%
The youth unemployment rate in the 15-24 age group was 20.4% without any change compared to the previous month. While this rate was estimated 16.3% for men and 27.9% for women.
Seasonally and calendar adjusted average weekly actual working hours was 44.5
Seasonally and calendar adjusted average weekly actual working hours of persons at work during the reference period increased by 0.6 hours and estimated 44.5 hours compared to the previous month in June 2022.
Seasonally adjusted composite measure of labor underutilization rate realized as 20.4%
In June 2022, the rate of composite measure of labor underutilization consisting of time-related underemployment, potential labor force and unemployment was 20.4% with 1.7 percentage point decrease compared to the previous month.
While combined rate of time-related underemployment and unemployment realized as 13.9%, combined rate of unemployment and potential labor force estimated as 17.1%. (ILKHA)