Turkey Unemployment Rate Reaches 7-Year High

The jobless rate in Turkey increased to 13 percent in January of 2017, up from 11.1 percent a year earlier and the highest since February of 2010 when it was recorded at 13.5 percent. Non-farm unemployment went up to 15.2 percent from 13 percent and youth unemployment rose to 24.5 percent from 19.2 percent.

The number of unemployed persons rose by 695 thousand to 3.985 million and employment went up at a slower pace (397 thousand to 26.672 million). In addition, the labour force increased by 1.093 million to 30.658 million. There were 33 thousand more people detached from the labour force, reaching 28.835 million. 

The non-agricultural sector added 317 thousand jobs and the farm sector added 81 thousand: employment rose in sevices (0.6 percent) but was barely unchanged in agriculture and fell in industry (-0.4 percent) and construction (-0.2 percent).

On a seasonally adjusted basis, the unemployment rate fell to 11.8 percent in January from 12 percent in December of 2016.

Turkey Unemployment Rate Reaches 7-Year High

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2017 7:57:06 AM