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Turkiye's unemployment rate decreases to 8.5% in April 2024

11 Jun '24
2 min read
Turkiye's unemployment rate decreases to 8.5% in April 2024
Pic: Adobe Stock

Insights

  • In April 2024, Turkiye's unemployment rate fell by 0.1 percentage point to 8.5 per cent, with 3.042 million unemployed.
  • Employment slightly decreased by 1,000 to 32.618 million.
  • The labour force shrank by 18,000 to 35.661 million, with a stable participation rate of 54.2 per cent.
  • The country's youth unemployment dropped to 14.5 per cent.
The number of unemployed individuals in Turkiye aged 15 and over fell by 18,000 to 3.042 million in April 2024 compared to the previous month, according to the Household Labour Force Survey by the Turkish Statistical Institute (Turkstat). The unemployment rate dropped by 0.1 percentage point to 8.5 per cent, with men's unemployment rate at 7.2 per cent and women's at 11.1 per cent.

The number of employed persons slightly decreased by 1,000, bringing the total to 32.618 million in April 2024. Consequently, the employment rate fell by 0.1 percentage point to 49.5 per cent, with a breakdown of 66.9 per cent for men and 32.5 per cent for women.

The labour force in April 2024 comprised 35.661 million people, a reduction of 18,000 from the previous month. The labour force participation rate remained steady at 54.2 per cent, with men's participation at 72.1 per cent and women's at 36.6 per cent, as per the survey.

Youth unemployment, targeting the 15-24 age group, decreased by 0.1 percentage point to 14.5 per cent, with a rate of 12.2 per cent for men and 19.1 per cent for women.

Seasonally and calendar-adjusted data indicated an increase in average weekly working hours, rising by 0.6 hours to 44.3 hours in April 2024.

However, the composite measure of labour underutilisation, which includes time-related underemployment, potential labour force, and unemployment, increased by 3.1 percentage points to 27.2 per cent. The combined rate of time-related underemployment and unemployment stood at 19.7 per cent, while the combined rate of unemployment and potential labour force was estimated at 17.1 per cent.

Fibre2Fashion News Desk (DP)

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