Unemployment rate in Turkey rose in June, the Minister of Finance and Treasury called a short-term phenomenon

After the publication of unemployment data in Turkey in June, Finance and Treasury Minister Mehmet Shimshek commented on the situation: "The rise in the unemployment rate in June is a short-term negative effect of our rebalancing and disinflation program. In June, the monthly current account balance was positive and the annual deficit of $24.8 billion was realized. We expect the annual current account deficit to decline to about 2.2% of national income in the second quarter and below 2% in the third quarter. The quality of the labor market is as important as its quantity. In this context, we are focusing on structural reforms aimed at increasing productivity, strengthening human capital and digital transformation. We therefore expect the unemployment rate to decrease by the end of this year."