2023-06-12 08:17:57
Turkey’s unemployment rate rose by a slight 0.1 point on a monthly basis to 10.2 percent in April, the Turkish Statistical Institute announced on Monday.
The Turkish Statistical Institute said, on Monday, that the survey covered all parts of the country in April following excluding during the past two months some areas hit by the February earthquake.
The institute’s data indicated that the labor force participation rate in April rose to 53.9 percent from 53 percent in the previous month.
Markets are currently awaiting the directions of the new government formed by Turkish President Recep Tayyip Erdogan, who won a third term last month.
Erdogan appointed Mehmet Simsek as Minister of Finance, and last week appointed Hafiza, a conservative pillar of the Central Bank, in steps that indicated that Turkey would make major financial and monetary adjustments in order to rebalance its economy, which suffers from high inflation rates and a significant decline in the lira’s price.
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