Unemployment rate fell by 0.3 percentage points in the second quarter

According to TurkStat data, unemployment decreased by 73 thousand people in the second quarter compared to the previous quarter and became 3 million 400 thousand people. The unemployment rate decreased by 0.3 points to 9.7 percent. While broadly defined seasonally adjusted unemployment was 23.5 percent, the youth unemployment rate was observed as 18.3 percent. TurkStat published the Labor Force Statistics data for the second quarter of 2023. Accordingly, the number of unemployed people aged 15 and over decreased by 73 thousand people in the second quarter of 2023 compared to the previous quarter and became 3 million 400 thousand people. The unemployment rate decreased by 0.3 points to 9.7 percent. The unemployment rate was estimated as 7.8 percent for men and 13.4 percent for women. The seasonally adjusted employment rate was 48.2 percent The number of employed people in the second quarter of 2023 In the second quarter of 2023, the number of people increased by 151 thousand compared to the previous quarter to 31 million 513 thousand people, while the employment rate increased by 0.1 points to 48.2 percent. While this rate was 65.7 percent for men, it was 31.1 percent for women. Youth unemployment rate was 18.3 percent The unemployment rate for the young population between the ages of 15-24 decreased by 1.2 points compared to the previous quarter to 18.3 percent. The unemployment rate in this age group was estimated as 15.1 percent for men and 24.1 percent for women. The broadly defined unemployment rate was 23.5 percent The idle labor force rate, consisting of time-related underemployment, potential labor force and the unemployed, increased by 1 point compared to the previous quarter to 23.5 percent in the second quarter of 2023. While the integrated rate of time-related underemployment and unemployed was estimated as 16.5 percent, the integrated rate of potential labor force and unemployed was estimated as 17.3 percent. In the TÜİK bulletin, it was stated that since the survey application for the Household Labor Force Survey for February and March could not be conducted in some provinces due to the earthquake disaster experienced in our country, the results for the first quarter of 2023 were calculated by weighting in a way to provide an estimate on a Turkey basis based on the provinces where the survey application could be conducted. According to the information provided, the survey application could be implemented throughout the country, including the provinces affected by the earthquake, starting from the second quarter of 2023, and therefore the standard weighting process was performed. In addition, in order to reflect the earthquake effect on the indicators for the relevant months, an additional survey application was conducted and the unadjusted and seasonally and calendar adjusted results for the first quarter of 2023 were recalculated and revised retrospectively in the relevant statistical tables and database.