Turkish Unemployment Rate Rises To 10.5% In April

Turkish jobless rate increased to 10.5 percent in April 2017 from 9.3 percent in the corresponding month a year earlier. It was the highest rate for an April month since 2010 when unemployment was recorded at 11.3 percent. The number of unemployed rose by 463 thousand from the previous year to 3.287 million while the number of employed went up by 519 thousand to 28.157 million.

The number of unemployed persons rose by 463 thousand to 3.287 million, bringing the unemployment rate to a seven-year high of 10.5 percent for an April month. Also, the non-agricultural jobless rate went up to 12.4 percent from 11 percent a year earlier, and the youth unemployment rate rose to 19.8 percent from 16 percent in April 2016.

Employment increased by 519 thousand to 28.157 million, as the non-agricultural sector added 550 thousand jobs while 32 thousand jobs were lost in the farm sector. Employment increased in construction (0.3 percent) and services (0.7 percent) but fell in agriculture (-0.5 percent) and in industry (-0.4 percent). The overall employment rate stood at 47.2 percent, the same as in April 2016. The labour force went up by 982 thousand to 31.444 million, bringing the activity rate to 52.7 percent from 52 percent a year ago, while those detached from it increased by 168 thousand to 28.265 million.

On a seasonally adjusted basis, the unemployment rate fell to 11.3 percent from 11.5 percent in March.

Turkish Unemployment Rate Rises To 10.5% In April

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/17/2017 7:31:10 AM