The unemployment rate in Turkey fell to 12.7 percent in October of 2020 from 13.4 percent a year earlier, remaining close to levels not seen in two years. Non-agricultural unemployment rate also declined to 14.8 percent from 15.7 percent. The number of unemployed dropped by 391 thousand to 4.16 million and those employed also fell by 896 thousand to 27.447 million. Employment fell in agriculture (-242 thousand), industry (-82 thousand) and services (-684 thousand) while construction rose by 110 thousand. The labour force decreased by 1.288 million to 31.452 million. The youth jobless rate for those aged between 15-24 years went down to 24.9 percent from 30.3 percent. source: Turkish Statistical Institute
Unemployment Rate in Turkey averaged 10.50 percent from 2005 until 2020, 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. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Turkey is expected to be 15.10 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 14.70 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2022, according to our econometric models.