The unemployment rate in Turkey eased to 13.2 percent in May of 2021 from a nine-month high of 13.8 percent in the prior month, despite authorities imposed a full lockdown in the first half of May to curb a spike in Covid-19 infections. The number of unemployed decreased by 265 thousand to 4.237 million while employment fell by 216 thousand to 27.844 million. Job losses occurred in both the agricultural (-312 thousand) and industrial (-57 thousand) sectors, while employment increased in construction (+24 thousand) and services (+129 thousand). Meanwhile, the non-agricultural unemployment rate was also down to 15.1 percent in May, from 16.1 percent in April. The youth jobless rate for those aged between 15-24 years fell to 24 percent, the lowest since March of 2020. source: Turkish Statistical Institute
Unemployment Rate in Turkey averaged 10.58 percent from 2005 until 2021, reaching an all time high of 14.40 percent in July of 2020 and a record low of 8 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 July of 2021.
Unemployment Rate in Turkey is expected to be 13.60 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 13.00 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2022 and 12.00 percent in 2023, according to our econometric models.