Turkish Unemployment Rate Rises to 10.2% in May

Turkish jobless rate increased to 10.2 percent in May 2017 from 9.4 percent in the corresponding month a year earlier. It was the highest rate for a May month since 2010 when unemployment was recorded at 10.3 percent. The number of unemployed rose by 330 thousand from the previous year to 3.225 million while the number of employed went up by 621 thousand to 28.488 million.

The number of unemployed persons rose by 330 thousand to 3.225 million in May, bringing the unemployment rate to a seven-year high of 10.2 percent for a May month. Also, the non-agricultural jobless rate went up to 12.2 percent from 11.3 percent a year earlier, and the youth unemployment rate rose to 19.8 percent from 17.4 percent in May 2016.

Employment increased by 621 thousand to 28.488 million in May, as the non-agricultural sector added 584 thousand jobs and the farm sector added 32 thousand jobs. Employment increased in services (0.9 percent) but fell in agriculture (-0.3 percent), in industry (-0.4 percent) and in construction (-0.2 percent). The overall employment rate rose to 47.7 percent from 47.5 percent in May 2016. The labour force went up by 950 thousand to 31.713 million, bringing the activity rate to 53 percent from 52.5 percent a year ago, while those detached from it increased by 209 thousand to 28.068 million.

On a seasonally adjusted basis, the unemployment rate stood at 11.3 percent, unchanged from the previous month.

Turkish Unemployment Rate Rises to 10.2% in May

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2017 7:24:18 AM