NEWS Human Resources        15/08/2019

Turkey’s unemployment rate decreases to 12.8% in May 2019

According to figures released by the Turkish Statistical Institute (TÜİK – TurkStat), Turkey’s unemployment rate decreased to 12.8% in May 2019, down from 13% in April 2019. This is the third monthly decrease in a row since the high of 14.7% in February 2019 which was the highest monthly rate since it hit 14% in 2009 following the global financial crisis. The figure for the month of May of the previous year was 9.7%. The rate for May 2019 comprises all those of 15 years of age and above, and represents a total figure of unemployed of 4,157,000, an increase of 1,021,000 on the figure for the same month of the previous year.


The unemployment rate for people aged between 15 and 64 was given as 13.1%, the estimated unemployment rate for those outside agriculture was given as 15%, and the unemployment rate among the young, which comprises of people aged between 15 and 24, was given as 23.3% in May 2019.


The number of people in the workforce in May 2019 was 28,269 thousand people, some 869 thousand lower than the same month of the previous year. This labour force total was 46.1% of the employable population.


The currently high rate in unemployment is as a result of the on-going economic crisis in Turkey. The fall in May is largely due to the start of the tourism season, when seasonal work substantially contributes  to overall employment.


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 increases to 11.84% in December 2019       Turkey’s unemployment rate decreases to 13.4% in October 2019       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 82,003,882 as of 2018 yearend       Number of foreigners visiting Turkey in 2018 increases by 21.8% to 39.5 million       Turkey’s private sector foreign debt is USD 225.8 billion as of 2018 yearend       Turkey’s economy recorded a growth of 0.9% in the third quarter of 2019       Turkey's 12 month current account surplus is USD 2,725 million as of November 2019