Turkey Unemployment Rate Slows to 11.2%

Turkish jobless rate decreased to 11.2 percent in February of 2015, after reaching a 5-year high in the previous month, as the number of unemployed persons fell while employment rose.

The number of unemployed persons declined to 3.226 million in February from 3.259 million in January. The non-farm unemployment rate eased to 13.2 from 13.4 percent in the previous month.

Meanwhile, youth unemployment stood at 20.0 percent, the same as in January.

There were 25.576 million employed persons, up from 25.454 million persons from January, boosting the employment rate to 44.4 percent. 

The labor force participation rate increased to 50.1 percent, 0.1 p.p. higher than in the previous month. 

Turkey Unemployment Rate Slows to 11.2%

Turkstat l Joana Ferreira l joana.ferreira@tradingeconomics.com
5/15/2015 11:13:30 AM