Turkish Jobless Rate Drops to 9.7%

The Turkish unemployment rate in Turkey fell to 9.7 percent in May 2018 from 10.2 percent in the corresponding month a year earlier.

The number of unemployed declined 2.8 percent from a year earlier to 3.136 million in May, and employment rose 2.3 percent to 29.138 million. Meanwhile, the number of people detached from the labour force went up 0.8 percent to 28.297 million. The participation rate increased to 53.3 percent in May from 53.0 percent a year ago, and the employment rate advanced to 48.1 percent from 47.7 percent.

The non-agricultural jobless rate also decreased to 11.6 percent in May from 12.2 percent in the previous year. The non-farm sector added 747 thousand jobs, namely in industry and services while the farm sector lost 97 thousand jobs and the number of construction workers also declined.

Among youth, the unemployment rate dropped to 17.8 percent in May from 19.8 percent a year earlier.

On a seasonally adjusted basis, the unemployment rate rose to 10.6 percent in May from 10.3 percent in April.

Turkish Jobless Rate Drops to 9.7%

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2018 7:30:17 AM