NEWS Human Resources        10/02/2020

Turkey’s unemployment rate decreases slightly to 13.3% in November 2019

According to figures released by the Turkish Statistical Institute (TÜİK – TurkStat), Turkey’s unemployment rate decreased slightly to 13.3% in November 2019, down from 13.4% in October 2019. The figure for the month of November of the previous year was 12.3%. The rate for November 2019 comprises all those of 15 years of age and above, and represents a total figure of unemployed of 4,308,000, an increase of 327,000 on the figure for the same month of the previous year.

 

The unemployment rate for people aged between 15 and 64 was given as 13.6%, the estimated unemployment rate for those outside agriculture was given as 15.4%, and the unemployment rate among the young, which comprises of people aged between 15 and 24, was given as 24.5% in November 2019.

 

The number of people in the workforce in November 2019 was 28,169 thousand people, some 145 thousand lower than the same month of the previous year. This labour force total was 45.5% of the employable population.

 

The currently high rate in unemployment is as a result of the on-going economic crisis in Turkey and the contraction in the economy especially in the first half of 2019. The decrease in November may reflect the expected improvement in the growth of the economy in the fourth quarter of 2019. It is unlikely to indicate a longer term improvement in employment since there has so far been little improvement recorded  in investment and production levels, and there is every expectation that the economic recession will continue during 2020. The unemployment rate was recently as high as 14.7% in February 2019 which was the highest monthly rate since it hit 14% in 2009 following the global financial crisis.



Turkey’s net minimum wage has been raised 15.04% to TL 2,324.70 (USD 391) as of 01.01.2020       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate moves back down to 11.86% in March 2020       Turkey’s unemployment rate increases to 13.7% in December 2019       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,154,997 as of 2019 yearend       Foreigners visiting Turkey in 2019 increase by 14.1% to a record 45.1 million       Turkey’s private sector foreign debt is USD 200.9 billion as of 2019 yearend       Turkey’s economy grew by 0.9% in 2019