Turkish unemployment steady at 12.7% in October

Credit: REUTERS/MURAD SEZER

ISTANBUL, Jan 11 (Reuters) - Turkey's unemployment rate held at 12.7% in the October period, unchanged from a month earlier, while the participation rate dipped to 50.0%, official data showed on Monday.

The jobless rate was 13.4% a year earlier. Throughout 2020, it was held down by a ban on layoffs amid the coronavirus pandemic.

The participation rate in latest September-November period fell from 50.5% a month earlier, while employment decreased 896,000 from a year earlier to 27.4 million.

(Reporting by Daren Butler; Editing by Jonathan Spicer)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

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