Turkey’s unemployment rate fell to 9.3 percent in May from 9.6 percent in April, according to a statement released by the Turkish Statistical Institute on Monday.
In comparison to the same period last year, the unemployment rate increased by 0.5 percentage point in May. The number of unemployed youth aged between 15-24 increased by 1.2 percentage point in May while the unemployment rate for those aged between 15-64 increased by 0.6 percentage point. Overall, the labor force participation rate was 51.7 percent.
After a seasonal adjustment the number of employed people increased by 105 thousand and reached 26 million 615 thousand persons.
With an early election on horizon for Turkey, the Turkish lira continued to break records trading at 2.84 lira’s per dollar.