The seasonally adjusted unemployment rate in Turkey rose to 11.5 percent in March of 2022 from the upwardly revised, eight-month low of 11.1 percent in the previous period. The number of unemployed increased by 153 thousand people to 3.894 million, while the labor force participation rate was slightly higher at 52.6 percent from the upwardly revised 52.5 percent in February. Also, the labor underutilization rate rose by 0.6 percentage points to 21.7 percent. The youth unemployment rate, measuring employment for individuals aged 15-24, was at 21.2 percent, increasing from 20.7 percent in the prior month. source: Turkish Statistical Institute
Unemployment Rate in Turkey averaged 10.62 percent from 2005 until 2022, reaching an all time high of 14.40 percent in July of 2020 and a record low of 8 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 May of 2022.
Unemployment Rate in Turkey is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Unemployment Rate is projected to trend around 11.10 percent in 2023 and 10.50 percent in 2024, according to our econometric models.