10.07.2024 20:41
Minister of Treasury and Finance Mehmet Şimşek stated that employment increased by 273 thousand people in May, and the 12-month increase reached 1.3 million, while the unemployment rate also decreased to 8.4%, the lowest level since November 2012. Minister Şimşek said, "The ultimate goal of our program is sustainable high and inclusive growth with permanent increase in welfare. With the program we are implementing with determination, we will reduce inflation and improve income distribution."
In May, Treasury and Finance Minister Mehmet Şimşek announced that employment increased by 273 thousand people, reaching a 1.3 million increase in the last 12 months, and the unemployment rate also decreased to 8.4%. Minister Şimşek also gave a message regarding inflation, stating, "The ultimate goal of our program is sustainable high and inclusive growth with permanent welfare increase. With the program we implement with determination, we will reduce inflation and improve income distribution."
MINISTER ŞİMŞEK ANNOUNCES EMPLOYMENT AND UNEMPLOYMENT RATES
Treasury and Finance Minister Mehmet Şimşek announced the labor force statistics for May. Minister Şimşek stated that employment increased and unemployment decreased, and emphasized that they will reduce inflation and improve income distribution with the economic program they implement with determination.
1.3 MILLION INCREASE IN EMPLOYMENT IN THE LAST 12 MONTHS
Minister Şimşek stated the following in a statement on his social media account: "The positive trend in the labor market continues. According to seasonally adjusted data, employment increased by 273 thousand people in May, and the 12-month increase reached 1.3 million.
UNEMPLOYMENT RATE DECREASED TO 8.4%
The labor force participation rate reached a historical high of 54.5%. The unemployment rate decreased to 8.4%, the lowest level since November 2012.
"WE WILL REDUCE INFLATION AND IMPROVE INCOME DISTRIBUTION"
The ultimate goal of our program is sustainable high and inclusive growth with permanent welfare increase. With the program we implement with determination, we will reduce inflation and improve income distribution."