The unemployment figures have been announced.

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The Turkish Statistical Institute (TÜİK) shared the Labor Force Statistics for August. According to the results of the Household Labor Force Survey, the number of unemployed individuals aged 15 and over decreased by 89,000 compared to the previous month, reaching 3 million 55 thousand in August 2024. The unemployment rate decreased by 0.3 points, standing at 8.5 percent. The unemployment rate was estimated to be 7.0 percent for men and 11.4 percent for women.

SEASONALLY ADJUSTED EMPLOYMENT RATE WAS 49.7 PERCENT

The number of employed individuals increased by 78,000 compared to the previous month, reaching 32 million 776 thousand in August 2024, while the employment rate rose by 0.1 points to 49.7 percent. This rate was 67.1 percent for men and 32.6 percent for women. The labor force decreased by 10,000 compared to the previous month, reaching 35 million 831 thousand in August 2024, while the labor force participation rate decreased by 0.1 points to 54.3 percent. The labor force participation rate was 72.1 percent for men and 36.8 percent for women.

UNEMPLOYMENT RATE AMONG YOUNG POPULATION WAS 16.5 PERCENT

The unemployment rate among the young population aged 15-24 increased by 0.1 points compared to the previous month, reaching 16.5 percent. In this age group, the unemployment rate was estimated to be 13.8 percent for men and 21.4 percent for women.

AVERAGE ACTUAL WORKING TIME PER WEEK WAS 42.7 HOURS

Among the employed individuals, the average actual working time per week, adjusted for seasonal and calendar effects, increased by 0.1 hours compared to the previous month, reaching 42.7 hours in August 2024.

UNDERUTILIZED LABOR FORCE RATE WAS 27.2 PERCENT

The rate of underutilized labor force, consisting of time-related underemployment, potential labor force, and unemployed individuals, increased by 0.7 points compared to the previous month, reaching 27.2 percent in August 2024. The combined rate of time-related underemployment and unemployed individuals was 18.2 percent, while the combined rate of unemployed and potential labor force was estimated to be 18.7 percent.