Türkiye July unemployment rises to 8.1%, employment drops 388k

Türkiye's unemployment rate increased to 8.1% in July, with the number of unemployed rising by 150,000 and employment falling by 388,000. This marks a notable deterioration in the labor market, suggesting weakening domestic demand and potential downward pressure on growth. The data may influence expectations for monetary policy, though the central bank's focus remains on inflation.