According to the statement made by the Turkish Statistical Institute (TUIK), according to the results of the Household Labor Force Survey; It was stated that the number of unemployed persons aged 15 and over decreased by 193 thousand persons in May 2023 compared to the previous month and reached 3 million 328 thousand persons. Unemployment rate, on the other hand, decreased by 0.5 percentage points to 9.5 percent.
Unemployment, which was last measured in single digits with 9.7 percent in January 2023, fell back to single digits in May, while Turkey’s 5-year unemployment average is still at very high levels.
According to calculations, Turkey’s 5-year average unemployment rate is 12.02 percent, while the current unemployment rates have been below the average since the 5th month of 2021.
The situation is not much different in the number of unemployed. According to the latest published data, it is stated that there are 3 million 328 thousand unemployed in Turkey, while the average number of unemployment in the country for 5 years is calculated as 3 million 920 thousand people.
Seasonally adjusted employment rate is 48.5 percent
The number of people employed increased by 63 thousand people in May 2023 compared to the previous month and became 31 million 716 thousand people, while the employment rate remained unchanged at 48.5 percent. While this rate was 66.0 percent for men, it was 31.4 percent for women.
Seasonally adjusted labor force participation rate 53.6%
In May 2023, the labor force decreased by 130 thousand people compared to the previous month and realized as 35 million 44 thousand people, while the labor force participation rate decreased by 0.3 points to 53.6 percent. While the labor force participation rate was 71.5 percent for men, it was 36.1 percent for women.
The seasonally adjusted unemployment rate among the youth population is 17 percent.
Unemployment rate among the young population covering the 5-24 age group became 17.0 percent with a decrease of 1.6 percentage points compared to the previous month. Unemployment rate in this age group; It was estimated to be 14.3 percent for men and 22.3 percent for women.
Average weekly working time, adjusted for seasonal and calendar effects, is 44.1 hours.
The average weekly actual working hours, adjusted for seasonal and calendar effects, of those employed during the reference period decreased by 0.3 hours compared to the previous month and became 44.1 hours in May 2023.
Seasonally adjusted idle labor force rate is 22.5 percent
The rate of idle labor force, which consists of time-related underemployment, potential labor force and the unemployed, became 22.5 percent in May 2023 with a 1.2 percentage point decrease compared to the previous month. While the combined rate of time-related underemployment and the unemployed was 15.8 percent, the combined rate of the unemployed and potential workforce was estimated to be 16.7 percent.
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