Turkish Jobless Rate Rises to 19 Month-High in August
The unemployment rate in Turkey increased to 11.3 percent in August of 2016 from 10.10 percent a year earlier. It was the highest figure since January 2015. Non-farm unemployment also rose to 13.7 percent from 12.4 percent and the jobless rate among those aged 15 to 24 went up by 1.6 percentage point to 19.9 percent.
The number of unemployed persons went up by 435 thousand to 3493 thousand and employment increased by 323 thousand to 27473 thousand. The non-agricultural sector increased 579 thousand jobs while the farm sector lost 257 thousand: employment decreased in agriculture (by 1.2 percentage point) and in industry (by 0.3 percentage point) while rose in services (by 1.8 percentage point), and constuction decreased by 0.1 percentage point.
According to the distribution of employment by sector; 21 percent was employed in agriculture, 19 percent was in industry, 7.4 percent was in construction and 52.6 percent was in services.
In addition, the number of people in the labour force rose by 759 thousand to 30967 thousand and those detached from the labour force increased by 323 thousand to 27473 thousand. The participation rate rose 0.5 percentage points from a year earlier to 52.6 percent.
On a seasonally adjusted basis, unemployment went up by 66 thousand persons and reached 3 million 475 thousand while employment increased by 34 thousand and reached 27 million 81 thousand in August compared with the previous month
11/15/2016 10:20:53 AM