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Turkish unemployment dips to 11.5%, underutilisation edges up -Breaking

© Reuters. FILEPHOTO: An elderly man is seen walking towards the OzdilekPark shopping center in Istanbul, Turkey, September 8, 2020. REUTERS/Murad Sezer

ISTANBUL, (Reuters) – Turkey’s unemployment rate fell to 11.5% in September from 11.8% a month prior, and a seasonal adjusted measure of labor underutilisation rose from 21.7% to 21.9%, according data released Wednesday.

At the beginning of 2019, the labour underutilisation measurement had increased to about the same level as it was during the May 2020 COVID-19 lockdown.

According to data provided by the Turkish Statistical Institute, the labour force participation rate increased by 0.5 percentage point from a month before and reached 51.7% during September.

Data were updated in accordance to international standards starting January.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.