Breaking news: December unemployment figures announced: What was the unemployment rate in December?

Breaking news: December unemployment figures announced: What was the unemployment rate in December?


Seasonally adjusted unemployment rate was 8.8 percent

According to the results of the Household Labor Force Survey; The number of unemployed people aged 15 and over decreased by 12 thousand people in December 2023 compared to the previous month, reaching 3 million 98 thousand people.

The unemployment rate decreased by 0.1 point to 8.8%. The unemployment rate was estimated to be 7.1% for men and 12.0% for women.

Seasonally adjusted employment rate was 48.8%

The number of employed people increased by 399 thousand people in December 2023 compared to the previous month, reaching 32 million 56 thousand people, and the employment rate increased by 0.6 points to 48.8%. This rate was 66.1% for men and 31.9% for women.

Seasonally adjusted labor force participation rate was 53.5%

The workforce increased by 387 thousand people in December 2023 compared to the previous month, reaching 35 million 154 thousand people, and the labor force participation rate increased by 0.5 points to 53.5%. The labor force participation rate was 71.1% for men and 36.3% for women.

Seasonally adjusted unemployment rate among young people was 15.5%

The unemployment rate in the young population, covering the 15-24 age group, decreased by 0.8 points compared to the previous month and became 15.5%. Unemployment rate in this age group; It was estimated as 11.5% in men and 22.8% in women.

Average weekly actual working time, adjusted for seasonal and calendar effects, was 43.7 hours

The average weekly actual working hours of those who were employed during the reference period, adjusted for seasonal and calendar effects, decreased by 0.1 hour compared to the previous month and reached 43.7 hours in December 2023.

Seasonally adjusted idle workforce rate was 24.7%

The idle labor force rate, which consists of time-related underemployment, potential labor force and unemployed people, increased by 2.1 points compared to the previous month and reached 24.7% in December 2023. While the integrated rate of time-related underemployment and the unemployed was 16.4%, the integrated rate of the unemployed and potential labor force was estimated at 17.9%.



Source link