Turkey Unemployment Rate

Unemployment Rate in Turkey increased to 10.10 percent in January of 2014 from 10 percent in December of 2013. Unemployment Rate in Turkey is reported by the Turkish Statistical Institute. Unemployment Rate in Turkey averaged 10.74 Percent from 2005 until 2014, reaching an all time high of 16.10 Percent in February of 2009 and a record low of 8 Percent in June of 2012. In Turkey, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Turkey Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
10.10 10.00 16.10 8.00 12.00 | 2014/02 2005 - 2014 Percent Monthly

TO

Turkey Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-15 08:00 AM Turkey
Unemployment Rate
Oct 2013 9.7% 9.9% 9.9%
2014-02-17 08:00 AM Turkey
Unemployment Rate
Nov 2013 9.9% 9.7% 10.4%
2014-03-17 08:00 AM Turkey
Unemployment Rate
Dec 2013 10% 9.9% 11.1%
2014-04-15 08:00 AM Turkey
Unemployment Rate
Jan 2014 10.1% 10% 12%
2014-05-15 08:00 AM Turkey
Unemployment Rate
Feb 2014 10.1% 12%
2014-06-16 08:00 AM Turkey
Unemployment Rate
Mar 2014 11.4%
[+]

Labour Last Previous Highest Lowest Forecast Unit
Population 76.67 2013-12-31 75.62 76.67 28.23 77.16 2014-06-30 Million [+]
Employed Persons 25812.00 2013-12-15 25602.00 25812.00 19958.00 25936.61 2014-01-31 Thousand [+]
Labour Costs 143.90 2013-08-15 141.10 143.90 79.50 147.69 2013-12-31 Index Points [+]
Labor Force Participation Rate 50.90 2013-12-15 50.80 51.20 45.60 50.61 2014-01-31 Percent [+]
Long Term Unemployment Rate 1.90 2013-09-30 1.80 3.20 1.60 1.77 2013-12-31 percent [+]
Retirement Age Men 60.00 2013-01-01 60.00 60.00 44.90 60.00 2013-12-31 [+]
Retirement Age Women 58.00 2013-01-01 58.00 58.00 41.00 58.00 2013-12-31 [+]
Unemployed Persons 2784.00 2013-11-15 2806.00 3802.00 2107.00 3018.26 2014-03-31 Thousand [+]
Wages 163.42 2013-11-15 158.00 163.42 57.77 167.87 2014-03-31 Index Points [+]
Wages in Manufacturing 166.86 2013-11-15 161.68 166.86 57.70 172.12 2014-03-31 Index Points [+]
Youth Unemployment Rate 16.00 2013-12-15 17.40 24.30 14.70 17.35 2014-01-31 Percent [+]
Unemployment Rate 10.10 2014-01-15 10.00 16.10 8.00 12.00 2014-02-28 Percent [+]
Minimum Wages 405.20 2013-12-31 415.50 415.50 157.40 407.78 2014-01-31 EUR [+]
[+]


Turkey Unemployment Rate Edges Up Slightly in January

Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.

In January of 2014, the number of unemployed persons decreased by 49.000 thousand persons, amounting to 2.841 million persons in Turkey. Compared with a year earlier, non-agricultural unemployment rate decreased 0.6 percentage points to 12.3 percent and youth unemployment rate fell to 19 percent (a 1.7 percentage point decline).

Employment rate increased to 44.9 percent from 44.3 percent a year earlier. The number of employed persons rose by 761 thousand persons to 25.194 million persons. 

In January of 2014, 52.2 percent were employed in services up by 0.8 percentage point from the previous period; 21.4 percent in agriculture (-1.0 percentage point); 19.7 percent in industry (-0.2 percentage point); and 6.7 percent in construction (+0.4 percentage points). 

Labor force participation rate increased to 50 percent, up from 49.5 percent in the same period of the previous year. 

Turkstat | Isabel Felino | isabel.felino@tradingeconomics.com
4/15/2014 10:47:29 AM

RECENT RELEASES

Turkish Unemployment Rate at 10%
In December of 2013, Turkey’s jobless rate edged marginally higher to 10 percent from 9.9 percent in the previous month. A year earlier, unemployment was recorded at 10.1 percent. Published on 2014-03-17

Turkey’s Unemployment Rate Edges Up in November
In November of 2013, Turkish jobless rate increased to 9.9 percent, after falling in the previous month to 9.7 percent. Non-agricultural unemployment rate reached 12 percent and youth unemployment rate was recorded at 19.3 percent. (0.5 percent higher than a year ago). Published on 2014-02-17


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Turkey Unemployment Rate Edges Up Slightly in January  
Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.
Turkish Inflation Rate Rises Further in March  
Turkey’s annual inflation rate accelerated to 8.39 percent in March of 2014, from 7.89 a year earlier and 7.29 percent recorded in February of 2014, as food and transportation costs edged up. This is the highest rate in eight months.
Turkey GDP Expands 0.5% in Q4  
Turkey's seasonal and calendar adjusted GDP advanced 0.5 percent in the last quarter of 2013, while GDP growth reached 4.0 percent in 2013.
Turkey’ Trade Deficit Narrows To Lowest in Nearly 3-1/2 Years  
The trade deficit decreased in February of 2014 to USD -5.1 billion from USD -7.0 billion a year earlier and USD -6.9 billion in January of 2014. Compared with February of 2013, manufacturing exports climbed while imports of agriculture and manufactured goods decreased.
Turkish GDP Growth Beats Expectations in Q4  
In the last three months of 2013, the Turkish economy expanded 4.4 percent over a year earlier, up from a revised 4.3 percent in the previous three months and above market expectations.
Turkey Leaves Rates on Hold  
At its March 18th, 2014 meeting, the Central Bank of Turkey decided to leave the benchmark repo rate unchanged at 10 percent and the overnight lending rate at 12 percent, as January’s rate hike helped to stabilize the lira.
Turkish Unemployment Rate at 10%  
In December of 2013, Turkey’s jobless rate edged marginally higher to 10 percent from 9.9 percent in the previous month. A year earlier, unemployment was recorded at 10.1 percent.
Turkey Inflation Rate Edges Higher  
In February of 2014, Turkish annual inflation rate accelerated for the third straight month to 7.89 percent from 7.75 percent in the previous month. On a monthly basis, prices decelerated to 0.43 percent, following a 1.98 percent rise a month earlier.
Turkish Trade Deficit Narrows in January  
Turkey’s trade deficit decreased in January of 2014, to USD -6.8 billion from USD -7.3 billion a year earlier and USD 9.9 billion in December of 2013. Exports to the European Union increased by 13.7 percent with Germany as the main exports’ partner and Russia as the top country for imports.
Turkish Monetary Policy Unchanged in February  
At its February 18th, 2014 meeting, the Central Bank of Turkey decided to leave the benchmark repo rate on hold at 10 percent and the overnight lending rate at 12 percent. Last month, the central bank rose rates sharply aiming to stabilize the lira.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News