Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6 percent in August, while a seasonally adjusted measure of labor underutilization fell to 19.8 percent, Reuters reported, citing official data on Monday.
Labor underutilization, which stood at 22.4 percent in July, has been on a declining trend since peaking at 29.6 percent in January 2021 due to the economic fallout from pandemic measures.
The unemployment rate for July was revised to 10.0 percent from an initial 10.1 percent, data from the Turkish Statistical Institute (TurkStat) also showed. The labor force participation rate in August rose 0.4 percentage points from a month earlier to 53.0 percent.
