Ankara: Trkiye’s unemployment rate in 2024 dropped 0.7 percentage points to a 12-year low of 8.7%, signaling a steady recovery in the job market, according to the latest figures released by the Turkish Statistical Institute (TurkStat) on Thursday. The number of jobless individuals aged 15 and over fell by 151,000 from the previous year, bringing the total to 3.113 million.
According to Anadolu Agency, unemployment among men dropped from 7.7% in 2023 to 7.1% in 2024, while the rate for women decreased from 12.6% to 11.8%. Meanwhile, labor force participation declined 0.9 percentage points to 54.2%. However, the employment rate climbed to 49.5%, up from 48.3% the previous year, reflecting a workforce of 32.62 million people.
Youth unemployment, for ages 15-24, also showed improvement, falling 1.1 percentage points to 16.3%. The rate for young men stood at 13.1%, while for young women it was 22.3%, down from 14.3% and 23.2% in 2023, respectively.