Turkey's unemployment rate surged to 14.7 percent in December 2018-February 2019 from 10.8 percent in the same period of the previous year. This was the highest jobless rate since the February-April period of 2009, as the number of unemployed people increased 36.9 percent while employment fell 3.1 percent. The labor force participation rate edged up to 52.2 percent from 52.1 percent last year. Unemployment Rate in Turkey averaged 10.14 percent from 2005 until 2019, 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 14.90 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 15.10 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.

Turkey Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 14.7% 13.5% 13.8%
2019-05-15 07:00 AM Unemployment Rate 14.7% 14.6%
2019-06-17 07:00 AM Unemployment Rate 14.2%
2019-07-16 07:00 AM Unemployment Rate 13.7%



Turkish Jobless Rate Climbs to Near Decade High

Turkey's unemployment rate surged to 14.7 percent in December 2018-February 2019 from 10.8 percent in the same period of the previous year. This was the highest jobless rate since the February-April period of 2009.

The number of unemployed jumped 1.26 million from a year earlier to 4.67 million in the three months to February, while employment decreased 872 thousand to 27.16 million. The non-farm sector lost 526 thousand jobs, mainly in the construction sector; and the farm sector lost 345 thousand jobs. Meanwhile, the number of people detached from the labour force increased 270 thousand to 29.19 million. The labour force participation rate edged up to 52.2 percent from 52.1 percent a year earlier and the employment rate went down to 44.5 percent from 46.4 percent.
 
The non-agricultural jobless rate climbed to 16.8 percent in the December-February period from 12.7 percent in the previous year.
 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, also rose sharply to 26.7 percent from 19.9 percent in the same month a year ago.
 
On a seasonally adjusted basis, the unemployment rate rose to 13.3 percent in January from 12.7 percent in December.


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/15/2019 7:39:38 AM



Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.70 13.50 14.80 7.30 percent [+]
Employed Persons 27157.00 27655.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4668.00 4302.00 4668.00 1773.00 Thousand [+]
Labor Force Participation Rate 52.90 53.10 53.50 43.90 percent [+]
Long Term Unemployment Rate 2.50 2.30 3.20 1.60 percent [+]
Youth Unemployment Rate 26.70 24.50 28.60 11.00 percent [+]
Labour Costs 162.85 166.66 166.66 56.26 Index Points [+]
Minimum Wages 2558.40 2558.40 2558.40 1.50 TRY/Month [+]
Wages in Manufacturing 167.74 166.50 167.74 25.97 Index Points [+]
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 45.90 46.30 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.70 13.50 14.80 7.30 2005 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Turkey 14.70 Jan/19
Spain 14.45 Dec/18
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Mexico 3.30 Feb/19
Netherlands 3.30 Mar/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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