Turkey’s unemployment rate edged down 0.5 percentage points month-on-month to 9.5 percent in May, Reuters reported on Monday, citing official data, while a seasonally adjusted measure of labor underutilization fell 1.2 percentage points to 22.5 percent.
The labor underutilization measure has slid after peaking at 29.6 percent in January 2021 due to the economic fallout from pandemic measures but had risen slightly in recent months.
Turkish Statistical Institute (TurkStat) data showed the labor force participation rate in May dropped to 53.6 percent from 53.9 percent a month earlier.
