Open Demo Account
Home / Market Update / Forex Market / The unemployment rate in Türkiye rose to 9.6% in June

The unemployment rate in Türkiye rose to 9.6% in June

Adel 10 August, 2023 1:59 pm Forex Market, Market Update

Official data showed on Thursday that Turkey’s unemployment rate rose 0.1 percentage point month-on-month to 9.6 percent in June, while the underutilization rate of the labor force, after adjusting for seasonal factors, rose 1.7 percentage points to 24.2 percent.

The workforce underutilization rate has decreased significantly since 2021, but has increased slightly in the past few months.

Data from the Turkish Statistical Institute showed that the labor force participation rate in June fell to 52.9 percent from 53.6 percent in the previous month.

Tags

Check Also

Japan’s Election Risks Shake the Yen

Japan’s upcoming election is sending ripples through global currency markets, with the Japanese Yen taking …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends