Turkey's unemployment rate rose to 13.0 percent in June 2019 from 10.2 percent in the same period of the previous year, as the number of unemployed surged 28.3 percent to 4.253 million while employment decreased 2.7 percent to 28.512 million. Unemployment Rate in Turkey averaged 10.24 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 14.50 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 13.40 percent in 2020, according to our econometric models.