THE UNEMPLOYMENT RATE IS BELOW 10% AFTER FOUR AND A HALF YEARS
Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin
Since the number of employed persons increased by 366 thousand and the number of unemployed persons decreased by 100 thousand, the labor force rose by 266 thousand from July to August. As a result, the unemployment rate decreased by 0.4 pp to 9.6%.
The seasonally adjusted female unemployment rate receded by 0.4 pp to 12.5% as the female employment rose by 99 thousand while the number of unemployed females decreased by 46 thousand. On the other hand, the seasonally adjusted male unemployment rate declined by 0.3 pp to 8.2% following the increase in the male employment by 267 thousand and the decline in the number of unemployed males by 54 thousand. Following these developments, the gender gap in the unemployment rates of females and males edged down by 0.1 pp to 5.3%.