10/12/2022

Unemployment Rate Fell to 8.5-Year Low

The unemployment rate in Türkiye decreased to 9.6 percent in August, the lowest such level since March 2014, by a margin of 0.4 percentage points from the previous month.

The rate dropped to single-digit for the first time since January 2018, the Turkish Statistical Institute (TurkStat) announced.

While the employment rate reached 47.9 percent, the highest level since January 2015, the number of employed people reached an all-time high with 31 million 14 thousand people in August 2022.

"According to the labor force data announced today, we have reduced the unemployment rate to single-digit levels. We are determined to continue promoting employment creation, which has reached historically high levels, with the policies we will implement," Minister of Treasury and Finance Nureddin Nebati noted.

“We will increase the welfare level of our citizens by achieving our investment, employment, production and export targets one by one,"  Minister Nebati added.

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