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Turkish unemployment rate edges up to 11.3 percent

June 10, 2022
in World News, Europe
0
Turkish unemployment rate edges up to 11.3 percent

Turkey’s unemployment rate increased to 11.3 percent in April, the Turkish Statistical Institute said.

The jobless rate rose from 11.2 percent in March, the institute said on its website on Friday. Unemployment was 9.7 percent for men and 14.5 percent for women, it said.

Turkey’s official jobless rate has remained relatively stable over the past year despite the COVID-19 pandemic, a jump in inflation and the war in Ukraine. The government has sought to stimulate the economy by cutting interest rates and providing cheap loans to manufacturers, exporters and other tradesmen despite a surge in prices.

The youth unemployment rate, which covers people between 15 and 24 years of age, declined to 20 percent in April from 20.8 percent in March, the institute said.

The labour force participation rate was 71.6 percent for men and 34.9 percent for women.

The unemployment rate was 13.7 percent in April last year. Weekly average working hours stood at 45.1 hours compared with 41.9 hours in April 2021.

Ahval

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