NEWS Human Resources        15/05/2019

Turkey’s unemployment rate remains at 14.7% in February 2019

According to figures released by the Turkish Statistical Institute (TÜİK – TurkStat), Turkey’s unemployment rate remained at 14.7% in February 2019. This is the highest monthly rate since the it hit 14% in 2009 following the global financial crisis. The figure for the month of February of the previous year was 10.6%. The rate for February 2019 comprises all those of 15 years of age and above, and represents a total figure of unemployed of 4,730,000, an increase of 1,376,000 on the figure for the same month of the previous year.

 

The unemployment rate for people aged between 15 and 64 was given as 15%, the estimated unemployment rate for those outside agriculture was given as 16.9%, and the unemployment rate among the young, which comprises of people aged between 15 and 24, was given as 26.1% in February 2019.

 

The number of people in the workforce in February 2019 was 27,355 thousand people, some 811 thousand lower than the same month of the previous year. This labour force total was 44.8% of the employable population.

 

The currently high rate in unemployment is as a result of the on-going economic crisis in Turkey. This figure can be expected to continue to rise significantly in the coming months



Turkey’s net minimum wage has been raised 26.05% to TL 2,020 (USD 381) as of 01.01.2019       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate drops to 9.26% in September 2019       Turkey’s unemployment rate increases to 14% in August 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 contracted by 2.6% in the first quarter of 2019       Turkey shows surplus of USD 538 million in its 12 month rolling current account balance in June 2019