Home / Market Update / Forex Market / Unemployment in Turkey fell to 10.3% in June

Unemployment in Turkey fell to 10.3% in June

The unemployment rate in Turkey fell to 10.3% last June from 10.9% in May, according to data from the Turkish Statistical Institute today, Wednesday, August 10.

Data on Wednesday showed that the Turkish unemployment rate fell 0.3% in June compared to the same month last year.

The number of unemployed people in June reached 3.5 million people.

Turkey is currently suffering from a significant rise in annual inflation, which recorded 79.6% during July.

And last March, Turkey extended the ban on laying off employees for two months, starting from March 17, under a presidential decree.
The ban was imposed last year to limit the impact of the coronavirus pandemic on employment and the economy in general.

Check Also

US Treasury yields fall after FOMC minutes, weak data

Weak US economic statistics is the reason behind an eight basis point decline in the …