Turkey Unemployment Rate Falls in February

The jobless rate in Turkey declined to 10.9 percent in February of 2016 from 11.2 percent a year earlier as employment increased in services and construction. The unemployment rate usually rises from June to January due to seasonal factors. In the previous month, the jobless rate hit an 11-month high of 11.1 percent.

Non-farm unemployment decreased 0.5 percent from the previous year to 12.7 percent and youth unemployment fell 1.4 percent to 18.6 percent. A year earlier, there were 2 thousand more jobless people and 880 thousand less employed people. The labour force went up by 0.7 percent to 50.8 percent, an increase of 877 thousand people.

Of those who were employed, 6.7 percent worked in construction, 18.4 percent was in agriculture, 19.9 percent in industry and 55 percent in services. Employment in services increased by 1 percent and construction edged up 0.3 percent while that of agriculture decreased by 0.3 percent and industry fell 1 percent.

On a non-seasonally adjusted basis, the number of unemployed persons declined by 66 thousand to 3224 thousand in February from January. The number of employed persons went up by 181 thousand to 26456 thousand. 

Turkey Unemployment Rate Falls in February

Turkstat | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/16/2016 10:38:10 AM