Employment Turkey’s unemployment rate falls for third straight quarter By Pramod Kumar November 20, 2023, 5:21 AM Wikimedia Commons/David Berkowitz Istanbul's Grand Bazaar. The apex bank said that the current policy rate will be maintained until there is a significant decline in monthly inflation The unemployment rate in Turkey has continued to fall in the third quarter of 2023 to 9.2 percent, down 0.5 percentage points quarter on quarter, the country’s statistical authority said. The unemployment rate stood at 10 percent in the same quarter last year, Daily Sabah newspaper reported, citing Turkish Statistical Institute (TurkStat) data. Turkey’s trade with GCC soars 11-fold in two decades Sustained rate hikes fail to reverse Turkish lira slump Stronger GCC relations a boon to Turkey’s Islamic banks The number of unemployed persons aged 15 and over declined by 161,000 quarter on quarter to 3.2 million in July-September. The unemployment rate was estimated at 7.5 percent for men and 12.5 percent for women. The youth unemployment rate for the 15-24 age group stood at 17.1 percent, down 0.7 percentage points from the prior quarter.
