Turkey Jobless Rate Up for Third Consecutive Month

Turkish unemployment rate increased for the third straight month to 11.3 percent in January of 2015, reaching the highest since February of 2011, as the number of unemployed persons rose while employment fell.
Turkstat l Rida Husna l rida@tradingeconomics.com 4/15/2015 11:00:02 AM
The number of unemployed persons increased to 3.259 million in January from 3.145 million in December. Non-farm unemployment was 13.4 percent (12.9 percent in the previous month).

Meanwhile, youth unemployment slightly decreased to 20.0 percent from 20.2 percent in the previous month.

There were 25.454 million employed persons, down from 25.462 persons from December and bringing the employment rate down to 44.3 percent. Of those who were employed, 19 percent in agriculture, 21 percent in industry, 6.7 percent in construction and 53.3 percent in services sector.

The labor force participation rate  recorded at 50.0 percent, down from 50.5 percent in December. 

Meanwhile, 28.761 million people were out of the labor force.

Turkey Jobless Rate Up for Third Consecutive Month