The Turkish unemployment rate increased to 11.6 percent in October 2018 from 10.3 percent in the same month of the previous year, as the number of unemployed went up 501 thousand to 3.79 million and employment rose 225 thousand to 28.87 million. The labour force participation rate increased to 53.7 percent in October from 53.1 percent a year ago. Unemployment Rate in Turkey averaged 10.08 percent from 2005 until 2018, 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.
Unemployment Rate in Turkey is expected to be 11.70 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 12.50 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 11.90 percent in 2020, according to our econometric models.