HomeEconomyUnemployment in Turkey drops to 10.9% in May
By Economy Middle East
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July 14, 2022 10:37 am

Unemployment in Turkey drops to 10.9% in May

Seasonally adjusted disguised unemployment rose to 22.4%
Turkey
Istiklal Street, Turkey

Turkey’s rate of unemployment declined 0.3 percent point to reach 10.9 percent in May, data from the Turkish Statistical Institute showed. Meanwhile, seasonally adjusted disguised unemployment rose 0.8 percentage points to 22.4 percent.

Since January 2021, disguised unemployment has been on the decline after reaching a peak of 29.6 percent in January 2021 driven by lockdown and restriction measures taken in order to limit the spread of the covid-19 pandemic.

In April, the seasonally adjusted unemployment rate was 11.2 percent, according to data.

The number of employed persons increased by 358,000 to 30.8 million in May from the previous month, the institute said. Youth unemployment climbed to 20.3 percent from 20.1 percent, it added.

Participation in the labor force increased by 0.4 percent from the previous month to 53.6 percent.