Turkey’s unemployment rate falls to 13.6% in February

Turkey’s unemployment rate falls to 13.6% in February
  • Clock-gray 14:14
  • calendar-gray 11 May 2020

Unemployment in Turkey dropped to 13.6% this February, down 1.1 percentage points from the same month last year, the Turkish Statistical Institute (TurkStat) announced Monday, APA reports citing Daily Sabah. 

The number of unemployed persons age 15 and above slipped by 502,000 year-on-year to 4.23 million by the end of February.

On a monthly basis, February's figure also dropped 0.2 percentage points, as unemployment in January stood at 13.8%.

Official data also showed that nonagricultural unemployment fell 1.5 percentage points to 15.4% during the same period.

The youth unemployment rate, including people ages 15-24, was 24.4% in February, down 1.7 percentage points on a yearly basis.

 

 

In February, employment posted a decrease of 1.7 percentage points from the same month last year, down to 43.1%.

"The number of employed persons decreased by 602,000 to 26.8 million persons in February 2020 period, compared with the same period of the previous year," TurkStat said.

The labor force participation rate also went down by 2.6 percentage points year-on-year, falling to 49.9% in the month.

The labor force participation rate for males dropped 2.4 percentage points to 69%, and for females, it was 31.2%, an annual decline of 2.8 percentage points.

TurkStat also reported that the rate of unregistered employment – people working without social security related to their principal occupation – was 30% in February, marking a 3.5-percentage point decrease from February 2019.

The institute will release its next monthly employment figures on June 10.

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