Türkiye's unemployment hits 10-year low in 2023

ISTANBUL

Türkiye's unemployment rate was at a 10-year low in 2023, down to 9.4% from 10.4% in 2022, official figures showed on Monday.

According to the Turkish Statistical Institute (TurkStat) data, the number of unemployed people dropped by 318,000 to 3.26 million year-on-year in 2023. 

The rate was 12.6% for women and 7.7% for men in 2023. 

The number of employed persons was at 31.6 million, up by 880,000 in 2023 versus 2022.

The employment rate was at 48.3% with a 0.8 percentage point increase in 2023 compared to the previous year.

The labor force was 34.9 million and the labor force participation rate was at 53.3% in 2023.

The youth unemployment rate – in the 15-24 age group – was 17.4% with a 2 percentage point decrease compared to the previous year.

ISTANBUL

Türkiye's unemployment rate was at a 10-year low in 2023, down to 9.4% from 10.4% in 2022, official figures showed on Monday.

According to the Turkish Statistical Institute (TurkStat) data, the number of unemployed people dropped by 318,000 to 3.26 million year-on-year in 2023. 

The rate was 12.6% for women and 7.7% for men in 2023. 

The number of employed persons was at 31.6 million, up by 880,000 in 2023 versus 2022.

The employment rate was at 48.3% with a 0.8 percentage point increase in 2023 compared to the previous year.

The labor force was 34.9 million and the labor force participation rate was at 53.3% in 2023.

The youth unemployment rate – in the 15-24 age group – was 17.4% with a 2 percentage point decrease compared to the previous year.