{"id":96804,"date":"2024-02-12T15:26:42","date_gmt":"2024-02-12T11:26:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96804"},"modified":"2024-02-12T15:26:44","modified_gmt":"2024-02-12T11:26:44","slug":"turkeys-unemployment-rate-drops-to-8-8-in-december","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkeys-unemployment-rate-drops-to-8-8-in-december\/02\/12\/market-updates\/","title":{"rendered":"Turkey&#8217;s Unemployment Rate Drops to 8.8% in December"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Official data released on Monday revealed that Turkey&#8217;s unemployment rate experienced a slight decline of 0.1 percentage points on a monthly basis, reaching 8.8 percent in December. This brings the rate closer to the lowest levels observed in a decade, recorded in October.<\/p>\n\n\n\n<p><strong>Labor Force Participation Rate Increases<\/strong><\/p>\n\n\n\n<p>According to the Turkish Statistical Institute, the labor force participation rate saw an uptick to 53.5 percent in December, compared to 53 percent in the previous month.<\/p>\n\n\n\n<p><strong>Labor Underutilization Index<\/strong><\/p>\n\n\n\n<p>Despite the decline in the unemployment rate, the seasonally adjusted index of labor underutilization witnessed a 2.1 percentage point increase, reaching 24.7 percent.<\/p>\n\n\n\n<p><strong>October&#8217;s Record Low<\/strong><\/p>\n\n\n\n<p>In October, Turkey&#8217;s unemployment rate hit a decade-low of 8.5 percent, signaling positive trends in the labor market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Official data released on Monday revealed that Turkey&#8217;s unemployment rate experienced a slight decline of 0.1 percentage points on a monthly basis, reaching 8.8 percent in December. This brings the rate closer to the lowest levels observed in a decade, recorded in October. Labor Force Participation Rate Increases According to the Turkish Statistical Institute, the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8473,6987,8494,7095],"class_list":["post-96804","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=96804"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96804\/revisions"}],"predecessor-version":[{"id":96805,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96804\/revisions\/96805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70432"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}