Turkish Minute

Turkey’s unemployment slightly down in November, standing at 12.9 percent

Turkish passersby walk on Istiklal avenue during the new year's celebrations in Istanbul on December 31, 2020. Turkish government announced a four-days lockdown between December 31 and January 04, 2021. Yasin AKGUL / AFP

Turkey’s unemployment rate fell by 0.4 points in November, to 12.9 percent, while the country saw a drop in the employment rate, with a 2.7 percent decline, according to data announced by the Turkish Statistical Institute (TurkStat) on Thursday.

The number of unemployed aged 15 and over decreased by 303,000 to 4 million in November compared to the same month of 2019, according to TurkStat data. In November 2019, the country’s unemployment rate was 13.3 percent, with 4.3 million unemployed aged 15 and above.

The non-agricultural unemployment rate also fell 0.6 percentage points to 14.8 percent year-on-year in November.

The employment rate, however, saw a  2.7 percentage point decrease to 42.9 percent during the same period.

The youth unemployment rate — between the ages 15 and 24 — was 25.4 percent with a 0.9 percentage point rise.

The distribution of employment by sector was 56.2 percent in the services sector, 20.9 percent in industry, 16.7 percent in agriculture and 6.2 percent in construction, TurkStat data showed.

Turkey’s workforce participation rate was at 39.6 percent with a 3.6 percentage point decrease.

The workforce participation rate for men dropped by 3.2 percentage points to 68.4 percent, while it stood at 30.6 percent for women with an annual decline of 3.3 percentage points.

The rate of unregistered employment –- people working without social security related to their principal occupation –- was 29.7 percent in November, down by 4.1 points on a yearly basis.

Liked it? Take a second to support Turkish Minute on Patreon!
Exit mobile version