Turkey’s unemployment rate came in at 12.9% in November 2020, down from 13.3% year-on-year, the Turkish Statistical Institute (TurkStat) announced Wednesday.

The number of unemployed young people aged 15 and over decreased by 303,000 to 4 million as of November compared to the same month last year, TurkStat said.

The non-agricultural unemployment rate also fell by 0.6 percentage points year-on-year to 14.8% in the month.

The employment rate saw a 2.7-percentage-point decrease to 42.9% during the same period.

The youth unemployment rate between ages 15-24 was 25.4% with a 0.9 percentage points rise, the statement added.

The distribution of employment by sector was 56.2% in the services sector, 20.9% in industry, 16.7% in agriculture and 6.2% in construction, according to TurkStat data.

The labor force participation rate was at 39.6% with a 3.6 percentage point decrease, it showed.

The labor force participation rate for men dropped by 3.2 percentage points to 68.4%, while it stood at 30.6% for women with an annual decline of 3.3 percentage points.

The rate of unregistered employment – people working without social security related to their principal occupation – was 29.7% in November, down by 4.1 points on a yearly basis.

In November 2019, the country's unemployment rate was 13.3%, with 4.3 million unemployed people aged 15 and above.