The Turkish unemployment rate increased to 11.1 percent in August of 2018 from 10.6 percent in the same month of the previous year, as the number of unemployed went up 266 thousand to 3.67 million and employment rose 490 thousand to 29.32 million. The labour force participation rate went up to 54.3 percent in August from 53.7 percent a year ago. Unemployment Rate in Turkey averaged 10.07 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 11.50 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 12.10 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 11.90 percent in 2020, according to our econometric models.

Turkey Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 07:00 AM Unemployment Rate 9.7% 9.6% 9.5%
2018-09-17 07:00 AM Unemployment Rate 10.2% 9.7% 9.1%
2018-10-15 07:00 AM Unemployment Rate 10.8% 10.2% 10.7%
2018-11-15 07:00 AM Unemployment Rate 11.1% 10.8% 11%
2018-12-17 07:00 AM Unemployment Rate 11.1% 11.1%
2019-01-15 07:00 AM Unemployment Rate
2019-02-15 07:00 AM Unemployment Rate



Turkish Jobless Rate Rises to 11.1% in August



The Turkish unemployment rate increased to 11.1 percent in August of 2018 from 10.6 percent in the same month of the previous year.

The number of unemployed went up 266 thousand from a year earlier to 3.67 million in August, and employment rose 490 thousand to 29.32 million. The non-farm sector added 745 thousand jobs, namely in industry and services while the number of construction workers declined, and the farm sector lost 256 thousand jobs. Meanwhile, the number of people detached from the labour force decreased 24 thousand to 27.75 million. The participation rate went up to 54.3 percent in August from 53.7 percent a year ago, and the employment rate advanced to 48.3 percent from 48 percent.

The non-agricultural jobless rate inched up to 13.2 percent in August from 12.8 percent in the previous year.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged up to 20.8 percent from 20.6 percent in the same month a year ago. 

On a seasonally adjusted basis, the unemployment rate rose to 11.2 percent in August from 11.0 percent in July.
 


Turkish Statistical Institute | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/15/2018 12:49:36 PM



Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.10 10.80 14.80 7.30 percent [+]
Employed Persons 29318.00 29265.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 3670.00 3531.00 3985.00 1773.00 Thousand [+]
Labor Force Participation Rate 53.50 53.20 53.50 43.90 percent [+]
Long Term Unemployment Rate 2.30 2.30 3.20 1.60 percent [+]
Youth Unemployment Rate 20.80 19.90 28.60 11.00 percent [+]
Labour Costs 166.66 153.67 166.66 56.26 Index Points [+]
Wages 2207.00 1512.00 2207.00 1103.00 TRY/Month [+]
Wages in Manufacturing 162.01 155.68 162.01 25.97 Index Points [+]
Minimum Wages 2029.50 2029.50 2029.50 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 2946.30 3084.10 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 25328.80 24245.70 25530.40 16911.50 Thousand [+]
Employment Rate 47.60 47.40 47.90 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
11.10 10.80 14.80 7.30 2005 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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