Turkish Jobless Rate Rises To 6-1/2-Year High Of 12.1%
The unemployment rate in Turkey increased to 12.1 percent in November of 2016 from 11.8 percent a year earlier. It was the highest level jobless rate since March 2010 as non-farm unemployment rose to 14.3 percent (1.9 percentage point increase) and the jobless rate among those aged 15 to 24 went up by 3.5 percentage point to 22.6 percent.
The number of unemployed persons went up by 590 thousand to 3.715 thousand and employment increased by 391 thousand to 27067 thousand. The non-agricultural sector increased 491 thousand jobs while the farm sector lost 101 thousand: employment decreased in agriculture (by 0.6 percentage point), industry (by 0.5 percentage point), and construction (by 0.1 percent). While rose in services (by 1.6 percentage point).
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According to the distribution of employment by sector; 18.7 percent was employed in agriculture, 19.6 percent was in industry, 7.4 percent was in construction, and 54.2 percent was in services.
In addition, the number of people in the labour force rose by 980 thousand to 30781 thousand and those detached from the labour force decreased by 126 thousand to 28.288 thousand (employed). The participation rate rose 0.9 percentage points from a year earlier to 51.2 percent.
On a seasonally adjusted basis, unemployment went up by 55 thousand persons and reached 3 million 655 thousand while employment increased by 70 thousand and reached 27 million 368 thousand persons in November compared with the previous month.