The Directorate General of Budget, Accounting, and Statistics released its human resources survey for March 2023 today (22nd). The number of employed individuals in March was 11.61 million, a decrease of 6,000 people (0.05%) from the previous month. The number of non-labor force individuals was 8.241 million, an increase of 2,000 people (0.02%) from last month. Unemployed individuals amounted to 403,000, a rise of 1,000 (0.21%) from the previous month, leading to an unemployment rate of 3.35%, up 0.01 percentage points from the last month.

According to the report, in March, the total labor force was 12.013 million, a decrease of 5,000 people (0.04%) from last month, but an increase of 27,000 (0.23%) compared to the same period last year. The participation rate in the labor force was 59.31%, down 0.02 percentage points from the previous month. Notably, the unemployment rate among university graduates was the highest at 4.52%, while high school and graduate students reported rates of 3.13% and 2.87%, respectively.