The unemployment rate in Turkey rose to 13.4 percent in June of 2020 from 13 percent in the same month of the previous year, the highest since February amid the coronavirus crisis. The number of unemployed dropped by 152 thousand to 4.101 million, and employment declined by 1.98 million to 26.513 million with job losses registered mainly in services, industry and agriculture. The labour force participation rate decreased to 49 percent from 53.3 percent in the corresponding month a year earlier. The youth jobless rate aged between 15-24 years increased to 26.1 percent from 24.8 percent in June of 2019.
Unemployment Rate in Turkey averaged 10.45 percent from 2005 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Turkish Statistical Institute
Unemployment Rate in Turkey is expected to be 17.40 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 16.00 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 14.70 percent in 2021 and 12.90 percent in 2022, according to our econometric models.