UPDATE 2-Turkish ban on layoffs keeps lid on jobless but labour participation languishes – Reuters

(Adds graphics, analyst comment) ISTANBUL, Aug 10 (Reuters) – Turkey’s labour participation rate languished at 47.6% in the April-June period as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate edge up just slightly to 12.9%, data showed on Monday. The impact of the economy hitting a near stand-still was also…

UPDATE 2-Turkish ban on layoffs keeps lid on jobless but labour participation languishes – Reuters

(Adds graphics, analyst comment) ISTANBUL, Aug 10 (Reuters) – Turkey’s labour participation rate languished at 47.6% in the April-June period as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate edge up just slightly to 12.9%, data showed on Monday. The impact of the economy hitting a near stand-still was also evident in employment, which dropped 2.4 million year-on-year in the period to 25.9 million. Labour force participation fell from 52.9% a year ago but rose from 47.2% a month earlier. The unemployment rate was 12.8% both a month earlier and in April-June 2019. The non-agricultural unemployment rate rose to 15.2% from 15.0% a year earlier, according to the Turkish Statistical Institute (TUIK). In April, the government imposed a three-mont
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