Turkey’s jobless rate falls to 10.9% in May

The number of unemployed people in Turkey dropped 0.3 percentage points month-over-month to 10.9% in May, official data showed Wednesday.

The number of jobless people – aged 15 and over – decreased by 56,000 month-over-month to nearly 3.8 million in May

A seasonally adjusted measure of labor underutilization rose 0.8 points to 22.4%, the data showed.

The labor underutilization measure was on a falling trend for much of last year after peaking at 29.6% in January 2021

The unemployment rate was 9.5% for men and 13.8% for women in May.

TurkStat also said the number of employed people rose to 30.8 million in May, a rise of 358,000 from April,

while the employment rate stood at 47.8% with a 0.5 percentage point increase.