The unemployment rate in Turkey rose to 12.9 percent in May 2020 from 12.8 percent in the same month of the previous year, amid the coronavirus crisis. The number of unemployed dropped by 331 thousand to 3.826 million, and employment declined by 2.41 million to 25.858 million with job losses registered mainly in services, agriculture and industry. The labour force participation rate decreased to 47.6 percent from 52.9 percent in the corresponding month a year earlier. On the other hand, the youth jobless rate aged between 15-24 years increased to 24.9 percent from 23.3 percent in May 2019.
Unemployment Rate in Turkey averaged 10.44 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 August 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 15.70 percent in 2021 and 12.90 percent in 2022, according to our econometric models.