Turkey’s unemployment rate rose to 13.0 percent in the March-May 2019 period from 9.6 percent in the same period of the previous year. Although, it was the lowest jobless rate since the October-December period of 2018. Unemployment Rate in Turkey averaged 10.21 percent from 2005 until 2019, 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.
Unemployment Rate in Turkey is expected to be 16.10 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 14.50 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.