The Turkish Statistical Institute (TurkStat) has published the most recent unemployment statistics for February, indicating a marginal decline in the nation’s unemployment rate. In February 2024, the Turkish unemployment rate landed at a four-month low of 8.7%. This represents a decrease from 9% in January 2024 and 10% in February 2023. The rate of youth unemployment, covering individuals aged 15-24, fell by 0.8 percentage points to 15.6% compared to the month before. This rate for males was 13.4%, whereas for females, it was 19.6%. In February 2024, the aggregate measure of labor underuse, encompassing time-related underemployment, potential labor resources, and unemployment, fell by 1.9 percentage points to 24.5% from the previous month. Concurrently, the combined percentage of time-related underemployment and unemployment amounted to 16.3%, and the joint percentage of unemployment and potential labor resources stood at 17.6%.

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