Labor Force Statistics for August 2022 has been announced by TURKSTAT. The unemployment rate, which was 0,4 percent in August with a 9,6 percentage point decrease compared to the previous month, dropped to single digits for the first time in four years. The number of employed persons increased by 366 thousand persons in August to 31 million 14 thousand persons, while the employment rate increased by 0,5 percentage points to 47,9 percent. Özlem Demirci Duyarlar, General Manager of Eleman.net, said, “With the adjustments made in the minimum wage, companies also updated their salaries, allowing new graduates to join business life immediately. While the participation of young people in the working life had a significant impact on the decrease in the unemployment rate, the food and health sectors were the locomotive sectors in the decrease.
Turkey Labor Force Statistics August 2022 statistics, which are regularly shared by the Turkish Statistical Institute (TUIK), have been announced. According to the results of the Household Labor Force Survey, the number of unemployed persons aged 15 and over decreased by 2022 thousand in August 2022 compared to July 100 and became 3 million 312 thousand people. The unemployment rate was 8,2 percent for men and 12,5 percent for women. Looking at the employment rates, it was observed that the number of employed people increased by 2022 thousand people in August 366 compared to the previous month and reached 31 million 14 thousand people, while the employment rate was 0,5 percent with an increase of 47,9 percentage points.
Employment increase that reduces unemployment to single digits
According to the August 2022 statistics of Turkey's Labor Force Statistics, the employment rate between the ages of 15-24 was 65,3 percent for men and 30,8 percent for women. Speaking on TUIK August 2022 data, Eleman.net General Manager Özlem Demirci Duyarlar said, “When we look at our data, there was a 145 percent increase in the number of advertisements in the first half of the year. While this increase in advertisements continued in the third quarter of the year, the employment gap in the markets was an important factor in the decrease in the unemployment rate. Along with the regulations on the minimum wage, the companies' making various salary regulations had a positive effect on employment. While food and health sectors were the locomotive sectors in the reduction of unemployment, unemployment figures decreased to single digits again 3 years later, as young people wanted to join business life immediately. When we look at the August data, we see that the highest number of high school, associate and undergraduate graduates participate in business life. Istanbul, Ankara and Izmir are the leading cities where young people participate in business life; Food, Health, Merchandising and Service are among the most preferred sectors. While 4 percent of women and 47,44 percent of men participate in business life, their wage expectations vary between 52,56 thousand and 4 TL. As long as this participation of young people continues, we can continue to see single-digit numbers in the coming months.”
Young population has been effective in reducing unemployment
TurkStat reported that the employment rate was 47,9 percent and the labor force participation rate was 53,00 percent in August. The workforce increased by 2022 thousand people in August 266 compared to the previous month and reached 34 million 326 thousand people, and the labor force participation rate was 53,00 percent. The labor force participation rate was 71,2 percent for men and 35,1 percent for women. The number of people employed increased by 2022 thousand people in August 366 compared to the previous month and became 31 million 14 thousand people, while the employment rate increased by 0,5 points to 47,9 percent. While this rate was 65,3 percent for men, it was 30,8 percent for women. Unemployment rate among the young population between the ages of 15-24, with a decrease of 0,8 percentage points compared to the previous month, was effective in reducing unemployment to single digits. Eleman.net General Manager Özlem Demirci Duyarlar drew attention to the declining unemployment figures among the young population for months and said, “The unemployment rate covering the 15-25 age group continued its decline in the previous month with a decrease of 0,8 points in August. The regular decrease experienced also has a significant impact on the reduction of the general unemployment figures to single digits. Among the most important factors of the decrease in youth unemployment are the difficult economic conditions in the second half of the year and the desire of young people to be involved in business life as soon as they graduate.
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