Turkey's unemployment rate increased to 13.5 percent in December 2018 from 10.4 percent in the same month of the previous year, as the number of unemployed went up 1.01 million to 4.30 million and employment decreased 633 thousand to 27.66 million. The participation rate was unchanged at 52.4 percent in December and the employment rate went down to 45.4 percent from 46.9 percent. Unemployment Rate in Turkey averaged 10.12 percent from 2005 until 2018, 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 11.70 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 12.50 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 11.40 percent in 2020, according to our econometric models.

Turkey Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-17 07:00 AM Unemployment Rate 11.4% 11.1% 11.1%
2019-01-15 07:00 AM Unemployment Rate 11.6% 11.4% 11.50%
2019-02-15 07:00 AM Unemployment Rate 12.3% 11.6% 11.7%
2019-03-15 07:00 AM Unemployment Rate 13.5% 12.3% 12.4%
2019-04-15 07:00 AM Unemployment Rate 13.5% 13.8%
2019-05-15 07:00 AM Unemployment Rate 13.6%
2019-06-17 07:00 AM Unemployment Rate 11.7%



Turkish Jobless Rate Jumps to 13.5%in December

Turkey's unemployment rate increased to 13.5 percent in December 2018 from 10.4 percent in the same month of the previous year.

The number of unemployed rose 1.01 million from a year earlier to 4.30 million in December, while employment decreased 633 thousand to 27.66 million. The non-farm sector lost 258 thousand jobs, namely in the construction sector, while job growth was recorded in both industry and services sectors. In addition, the farm sector lost 375 thousand jobs. Meanwhile, the number of people detached from the labour force increased 276 thousand to 28.99 million. The participation rate was unchanged at 52.4 percent in December and the employment rate went down to 45.4 percent from 46.9 percent.
 
The non-agricultural jobless rate went up to 15.6 percent in December from 12.3 percent in the previous year.
 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, also rose to 24.5 percent from 19.2 percent in the same month a year ago.
 
On a seasonally adjusted basis, the unemployment rate rose to 12.7 percent in December from 12.1 percent in November.


 


Turkish Statistical Institute | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/15/2019 9:55:29 AM



Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.50 12.30 14.80 7.30 percent [+]
Employed Persons 27655.00 28314.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4302.00 3981.00 4302.00 1773.00 Thousand [+]
Labor Force Participation Rate 53.10 53.40 53.50 43.90 percent [+]
Long Term Unemployment Rate 2.50 2.30 3.20 1.60 percent [+]
Youth Unemployment Rate 24.50 23.60 28.60 11.00 percent [+]
Labour Costs 162.85 166.66 166.66 56.26 Index Points [+]
Wages 2207.00 1512.00 2207.00 1103.00 TRY/Month [+]
Wages in Manufacturing 167.74 166.50 167.74 25.97 Index Points [+]
Minimum Wages 2558.40 2558.40 2558.40 1.50 TRY/Month [+]
Population 80.81 79.81 80.81 28.23 Million [+]
Retirement Age Women 58.00 58.00 58.00 58.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Wages Low Skilled 1380.00 1380.00 1380.00 1380.00 TRY/Month [+]
Wages High Skilled 2830.00 2830.00 2830.00 2830.00 TRY/Month [+]
Part Time Employment 2500.70 2946.30 3084.10 1309.60 Thousand [+]
Living Wage Family 3190.00 3070.00 3190.00 2970.00 TRY/Month [+]
Living Wage Individual 1930.00 1820.00 1930.00 1750.00 TRY/Month [+]
Full Time Employment 25938.10 25328.80 25938.10 16911.50 Thousand [+]
Employment Rate 46.40 46.90 48.00 38.90 percent [+]


Turkey Unemployment Rate

In Turkey, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.50 12.30 14.80 7.30 2005 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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