The unemployment rate in Turkey fell to 13.4 percent in July of 2020 from 13.9 percent in the corresponding month of the previous year. The number of unemployed declined by 369 thousand to 4.227 million, and employment decreased by 1.25 million to 27.263 million with job losses registered mainly in agriculture, industry and services. The labour force participation rate dropped to 50.3 percent from 53.8 percent in the same month a year earlier. The youth jobless rate aged between 15-24 years went down to 25.9 percent from 27.1 percent in July of 2019. source: Turkish Statistical Institute
Unemployment Rate in Turkey averaged 10.47 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 October of 2020.
Unemployment Rate in Turkey is expected to be 18.00 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 15.20 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 14.70 percent in 2021 and 12.90 percent in 2022, according to our econometric models.