Local Turkey

Turkey’s unemployment rate at 12.1% in August

Number of unemployed age 15 and over stood at 3.9M this August, official data shows

Unemployment in Turkey reached 12.1% August, the Turkish Statistical Institute (TurkStat) said on Monday.

The number of unemployed age 15 and over rose 11,000 month-on-month this August to 3.9 million, TurkStat said in a statement.

The labor force participation rate stood at 51.2%, a fall of 0.1 percentage points from July.

During the same period,employment decreased 14,000 to 28.7 million people.

“The employment rate occurred as 45% with 0.1 percentage point decrease,” according to TurkStat.

According to the distribution of employment by sector, 55% was employed in services and 21.5% in industry.

The youth unemployment rate in the 15-24 age group was 22.7% with 0.1 percentage point decrease compared to the previous month.

In August, the rate of unregistered employment – people working without social security related to their principal occupation – was 31.4%, down 2.1 percentage points compared to the same month of the last year.

Source
AA

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