Turkish Jobless Rate Jumps to 12.3%


Turkey's unemployment rate increased to 12.3 percent in November 2018 from 10.3 percent in the same month of the previous year.

The number of unemployed rose 706 thousand from a year earlier to 3.98 million in November, and employment decreased 201 thousand to 28.31 million. The non-farm sector added 72 thousand jobs, namely in the industry and services sectors while the number of construction workers declined, and the farm sector lost 274 thousand jobs. Meanwhile, the number of people detached from the labour force increased 168 thousand to 28.60 million. The participation rate edged up to 53.0 percent in November from 52.8 percent a year ago, while the employment rate went down to 46.5 percent from 47.3 percent.
 
The non-agricultural jobless rate went up to 14.3 percent in November from 12.2 percent in the previous year.
 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, also rose to 23.6 percent from 19.3 percent in the same month a year ago.
 
On a seasonally adjusted basis, the unemployment rate inched up to 12.0 percent in November from 11.6 percent in October.


 

Turkish Jobless Rate Jumps to 12.3%


Turkish Statistical Institute | Chusnul Ch Manan | chusnul@tradingeconomics.com
2/15/2019 10:59:11 AM