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

by Mike Robinson

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© 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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