Turkey jobless rate climbs to 12% in July as supports end ...Egypt

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Turkey jobless rate climbs to 12% in July as supports end
ISTANBUL, Sept 10 (Reuters) – Turkey’s unemployment rate rose to 12.0 percent in July from 10.6 percent a month earlier as pandemic-related labour supports expired, according to data on Friday that also showed an uptick in the underutilization of workers. A ban on layoffs imposed during the coronavirus outbreak and a government wage support system, both adopted in early 2020, expired at the start of July. Both measures were designed to support businesses and registered employees during the pandemic while keeping a lid on the jobless rate, which peaked at 14.4 percent in July last year. In July this year, a seasonally adjusted measure of labour underutilisation climbed to 23.6 percent from 22

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