Published unemployment figures
The Turkish Statistical Institute (TÜİK) announced the unemployment data for November. The seasonally adjusted unemployment rate was 10.2 percent.
According to the results of the Household Workforce Survey; The number of unemployed aged 15 and over increased by 23,000 in November 2022 compared to the previous month and reached 3,576,000 people. The unemployment rate was unchanged at 10.2 percent. While the unemployment rate was 8.8 percent for men, it was estimated to be 12.9 percent for women.
The number of employed people increased by 285 thousand people in November 2022 compared to the previous month and went to 31 million 574 thousand people, while the employment rate increased 0.4 points to 48.6 percent. While this rate was 65.7 percent for men, it was 31.7 percent for women.
The labor force increased by 308 thousand people in November compared to the previous month and reached 35 million 150 thousand people, while the labor participation rate increased by 0.5 percentage points to 54.1 percent. The labor participation rate was 72.1% for men and 36.4% for women.
YOUTH UNEMPLOYMENT 17.8 PERCENT
The unemployment rate among the youth population covering the age group of 15 to 24 years became 17.8 percent with a decrease of 2.6 percentage points compared to the previous month. Unemployment rate in this age group; It was estimated at 14.4 percent for men and 23.9 percent for women.
The effective average weekly working day of the employed during the reference period, corrected for seasonal and calendar effects, increased by 0.1 hours compared to the previous month and amounted to 44.4 hours.
WIDE UNEMPLOYMENT 20.8 PERCENT
The idle labor force rate, which is made up of underemployment due to insufficient hours, potential labor force and the unemployed, reached 20.8 percent in November, an increase of 0.5 percentage points from the previous month. While the combined rate of underemployment due to insufficient hours and unemployment was 14.3 percent, the combined rate of potential labor and unemployment was estimated at 16.9 percent.
Source: Sozcu
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