Labor Market Outlook: September 2024

DECREASE IN UNEMPLOYMENT

 Seyfettin Gürsel, Saliha Tanrıverdi

The increase in employment by 235 thousand and the decrease in unemployed people by 112 thousand increased the labor force by approximately 123 thousand people, and the general unemployment rate decreased by 0.4 points from June to July, reaching 8.8 percent. Seasonally adjusted female unemployment rate remains constant at 12.4 percent as a result of the 55 thousand increase in employment and the 6 thousand increase in the number of unemployed from June to July. The male unemployment rate decreased to 7 percent in July, as a result of an increase of 180 thousand people in employment and a decrease of 118 thousand people in unemployed. While the female labor force increases by 61 thousand, the male labor force is at 62 thousand. The gender gap in the unemployment rates resulting from these developments increased by 0.5 points in July compared to June, reaching 5.4 points.

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