Turkiye’s unemployment hits 10-year low in 2023

Unemployment rate at 9.4% in 2023, down by 1 percentage point from 2022

Türkiye’s unemployment rate was at a 10-year low in 2023, down to 9.4% from 10.4% in 2022, official figures showed on Monday.

According to the Turkish Statistical Institute (TurkStat) data,the number of unemployed people dropped by 318,000 to 3.26 million year-on-year in 2023.

The rate was 12.6% for women and 7.7% for men in 2023.

The number of employed persons was at 31.6 million, up by 880,000 in 2023 versus 2022.

The employment rate was at 48.3% with a 0.8 percentage point increase in 2023 compared to the previous year.

The labor force was 34.9 million and the labor force participation rate was at 53.3% in 2023.

The youth unemployment rate in the 15-24 age group was 17.4% with a 2 percentage point decrease compared to the previous year.

Source: aa

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