Turkey's unemployment rate rose to 12.8 percent in May 2019 from 9.7 percent in the same period of the previous year, as the number of unemployed jumped 32.6 percent to 4.157 million while employment fell 3 percent to 28.269 million. Unemployment Rate in Turkey averaged 10.23 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 16.10 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 14.50 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.