ISTANBUL

Türkiye's unemployment rate was at 9.7% in January, decreasing 0.5 percentage point from the previous month, the country's statistical institute revealed on Friday.

The number of unemployed people at least 15 years old was down by 166,000 on a monthly basis for a reading of 3.4 million, according to TurkStat.

The employment rate was 48.9%, up by 0.5 percentage point. The rate was 66.9% for men and 31.2% for women.

Youth unemployment, covering the 15-24 age group, was at 20.2% in January, up by 0.5 percentage point versus December 2022.