The unemployment rate in Turkey increased to 13.4 percent in October 2019 from 11.6 percent in the same month of the previous year, as the number of unemployed went up by 608 thousand to 4.396 million and employment dropped by 527 thousand to 28.343 million, with job losses recorded in agriculture, industry and construction sectors. The labour force participation rate went down to 53 percent from 53.7 percent a year earlier and the employment rate declined to 45.9 percent from 47.5 percent. Unemployment Rate in Turkey averaged 10.32 percent from 2005 until 2019, reaching an all time high of 14.80 percent in February of 2009 and a record low of 7.30 percent in June of 2012. source: Turkish Statistical Institute
Unemployment Rate in Turkey is expected to be 14.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Turkey to stand at 14.00 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 13.40 percent in 2020, according to our econometric models.