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Turkey’s unemployment rate rose slightly to 9 percent in November: TurkStat

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The unemployment rate in Turkey increased 0.4 percentage points month-on-month to 9 percent in November, which ended a five-month-long downward trend, according to data released by the Turkish Statistical Institute (TurkStat) on Wednesday.

The number of unemployed aged 15 or older increased by 115,000 to 3.11 million month-on-month in November, according to TurkStat data.

The rate of unemployment was 7.5 percent among men while it was 11.8 percent among women.

The number of employed fell by 236,000 to 31.61 million, while the employment rate dropped by 0.4 percentage points to 48.2 percent.

In Turkey, 65.4 percent of men are employed, while 31.3 percent of women work, data from TurkStat showed.

In October Turkey saw its unemployment rate drop to 8.5 percent, the lowest level since November 2012.

In late December the Turkish government announced the monthly minimum wage at 17,002 Turkish lira ($578.31) in 2024, marking a 49 percent increase from the level determined in July and a 100 percent hike from January 2023.

The move, which came ahead of local elections scheduled for March 31, has been interpreted as an attempt by the government to woo voters. More than 40 percent of employed people work for the minimum wage, according to official figures.

But some business owners have said they might have to fire employees due to the increasing labor costs.

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