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 Jobless Rate Jumps to 13.5%in December


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