Turkey’s unemployment rate stands at 14 percent in August
According to the news of Hürriyet Daily News, Turkey’s unemployment rate stood at 14.0 percent in August, the country’s statistical authority announced on Nov. 15.
The unemployment rate climbed 2.9 percentage points year-on-year, Turkish Statistical Institute (TÜİK) said.
The number of jobless people aged 15 and older was 4.65 million, up 980,000 from August 2018.
The youth unemployment rate — the 15-24 age group — also rose 6.6 points on an annual basis to 27.4 percent in the month.
TurkStat said non-agricultural unemployment rose 3.5 percentage points to 16.7 percent in the same period.
The unemployment for the 15-64 age group stood at 14.3 percent in August with a 2.9 percentage points rise compared to same month last year.
Data showed that August’s employment rate fell 2 percentage point to 46.3 percent.
“The number of employed persons decreased 789,000 to 28.5 million persons in August 2019 compared with the same period of last (2018) year,” TurkStat said.
Some 55.4 percent of total employment was in the services sector, 19.6 percent in agriculture, 19.5 percent in industry, and 5.5 percent in construction.
The labor force participation rate (LFPR) in Turkey slipped 0.4 percentage point year-on-year, standing at 53.9 percent.
“The LFPR for male was 73.2 percent with 0.9 percentage point decrease and the rate for female was 35 percent with 0.1 percentage point increase with the same period of last year,” it added.
Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/turkeys-unemployment-rate-stands-at-14-percent-in-august-148719
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
