Published unemployment figures
According to the results of the TURKSTAT Household Labor Force Survey; The number of unemployed aged 15 and over decreased by 166 thousand people in January 2023 compared to the previous month and went to 3 million 424 thousand people. The unemployment rate, on the other hand, decreased by 0.5 percentage points to 9.7%. While the unemployment rate was 7.7% for men, it was estimated at 13.7% for women.
The number of employed people increased by 354 thousand people in January 2023 compared to the previous month and went to 31 million 837 thousand people, while the employment rate increased 0.5 points to 48.9%. While this rate was 66.9% for men, it was 31.2% for women.
In January 2023, the workforce increased by 188 thousand people compared to the previous month and went to 35 million 260 thousand people, while the labor participation rate increased 0.2 points to 54.1%. While the labor force participation rate was 72.5% for men, it was 36.1% for women.
The seasonally adjusted and calendar weekly average effective working hours of the employed during the reference period increased by 0.7 hours compared to the previous month and amounted to 44.9 hours in January 2023.
The idle labor force rate, made up of underemployment due to insufficient hours, potential and unemployed labor force, stood at 21.9% in January 2023, with an increase of 0.6 points compared to the previous month. While the combined rate of underemployment due to insufficient hours and the unemployed was 15.3%, the combined rate of potential labor and the unemployed was estimated at 16.7%.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
