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Turkish unemployment unchanged at 11.2 percent in November: TurkStat

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Turkey’s unemployment rate stood at 11.2 percent in November, unchanged from a month earlier, while a seasonally adjusted measure of labor underutilization fell 0.7 percentage points to 22.1 percent, Reuters reported citing data from the Turkish Statistical Institute (TurkStat) on Monday.

The labor underutilization measure was on a falling trend for much of last year after peaking at 29.5 percent last January under the impact of measures to combat the COVID-19 pandemic.

The labor force participation rate rose 0.4 percentage points from a month earlier to 52.5 percent in November, data from TurkStat also showed. It preceded a volatile December in which the currency swung wildly and inflation soared to 36 percent.

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