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Turkish unemployment dips to 11.5 percent, underutilization edges up

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Turkey’s unemployment rate declined to 11.5 percent in September, from 11.8 percent a month earlier, while a seasonally adjusted measure of labor underutilization rose to 21.9 percent from 21.7 percent, according to data released on Wednesday, Reuters reported.

The labor underutilization measure had risen at the start of the year to around a peak touched during the height of the initial COVID-19 lockdown in May of 2020.

The labor force participation rate rose 0.5 percentage points from a month earlier to 51.7 percent in September, data from the Turkish Statistical Institute also showed.

From January, the data was presented in a new format in line with international standards.

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