Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: The US vetoed a UNSC resolution calling for a ceasefire in Gaza, arguing it does not condemn Hamas nor grant "Israel" the right to “self-defense.”
Israeli occupation forces issue a new bombing threat against civilian buildings in the Southern Lebanese towns of Borj Qalaouiye and Chehabiyeh.
Sources to Al Mayadeen: Extending the snapback mechanism deadline will test how independent Europeans truly are from the US.
Sources to Al Mayadeen: Activating the snapback mechanism will nullify the Cairo Agreement, shut the door on cooperation between the IAEA and Tehran, and bar inspections.
Sources to Al Mayadeen: The diplomatic window remains open, but signs of activating the snapback sanctions mechanism on Iran are increasing.
Sources to Al Mayadeen: Although the Cairo Agreement meets an important part of European demands, they have begun speaking of new conditions in recent communications.
Sources to Al Mayadeen: European countries show no independence in their stance toward Iran during the talks.
Israeli occupation forces issued bombing threats to bomb civilian buildings in Southern Lebanon.
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.

Turkey achieves 10-year low unemployment rate in 2023

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Mar 2024 12:34
2 Min Read

The employment rate shows a positive trajectory, rising to 48.3%, indicating a 0.8 percentage point increase from 2022.

  • x
  • Mahmoud Pasha area, one of the largest textile shopping centers in Istanbul, Turkey (AFP)
    Mahmoud Pasha area, one of the largest textile shopping centers in Istanbul, Turkey (AFP)

Turkey experienced its lowest unemployment rate in a decade in 2023, with figures dropping to 9.4% from 10.4% in 2022, as per official data released by the Turkish Statistical Institute (TurkStat).

According to TurkStat, the number of unemployed individuals decreased by 318,000 to 3.26 million compared to the previous year.

Employment numbers saw a rise, with 31.6 million individuals employed, marking an increase of 880,000 compared to 2022.

The employment rate also saw a positive trend, reaching 48.3%, reflecting a 0.8 percentage point increase from the previous year.

The labor force in 2023 amounted to 34.9 million, resulting in a labor force participation rate of 53.3%.

Related News

Arab-Islamic summit slams Israeli strike on Qatar, urges unity

CHP rallies tens of thousands in Ankara against 'judicial coup'

For the youth population aged 15-24, the unemployment rate was 17.4%, indicating a decrease of 2 percentage points compared to the previous year. This comes shortly after Turkey's central bank increased its key interest rate to control surging inflation.

Last Thursday, the Central Bank of Turkey announced a hike in the policy rate, also known as the one-week repo auction rate, from 45% to 50%. This decision was prompted by February's inflation figures, which exceeded expectations.

The bank stated in a press release that while imports of consumption goods and gold had slowed down, leading to a slight improvement in the current account balance, recent indicators suggest that domestic demand remains robust.

It is worth noting that S&P Global Ratings upgraded Turkey's credit rating outlook last September, citing the effectiveness of Turkish President Recep Tayyip Erdogan's new economic team and their adoption of more conventional policies.

The outlook on the nation's long-term foreign-currency issuer default rating has been changed from negative to stable, with the credit rating affirmed at B, which remains five notches below investment grade.

Read next: As Turkey heads to local elections, Erdogan eyes Istanbul comeback

  • Turkey
  • Recep Tayyip Erdogan
  • employment rate
  • Turkish lira
  • Turkey economy

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

12 Israeli soldiers killed, wounded in Resistance operation in Gaza

  • Politics
  • 18 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS