Turkey: Unemployment drops to 13.2% in March

Turkey: Unemployment drops to 13.2% in March

The number of unemployed persons aged 15 years old and over decreased by 573 thousand to 3 million 971 thousand persons in the period of March 2020 in Turkey compared with the same period of the previous year. The unemployment rate occurred as 13.2% with 0.9 percentage point decrease, according to Turkey’s Statistical Institute (TurkStat).

The number of employed persons decreased by 1 million 662 thousand to 26 million 133 thousand persons in the period of March 2020 compared with the same period of the previous year. The employment rate occurred as 42.0% with 3.4 percentage point decrease.

While the number of agricultural employment decreased by 538 thousand persons, construction decreased by 248 thousand persons and services decreased by 903 thousand persons, industry increased by 26 thousand persons. According to the distribution of employment by sector; 16.4% was employed in agriculture, 21.1% was employed in industry, 4.9% was employed in construction and 57.6% was employed in services.

The number of persons in the labour force realized 30 million 104 thousand persons, with 2 million 235 thousand persons decrease in the period of March 2020 compared with the same period of the previous year. Labour force participation rate (LFPR) was 48.4% with 4.5 percentage point decrease.

The ratio of persons working without any social security relating to the main job occurred 29.1% with 4.8 percentage point decrease in the period of March 2020 compared with the same period of the previous year. The rate of unregistered employment realized as 18.6% with 4.5 percentage point decrease in the non-agricultural sector compared to the same period of the previous year.

For the 15-64 age group, the unemployment rate occurred as 13.5% with 0.8 percentage point decrease and non-agricultural unemployment rate occurred as 15.1% with 1.1 percentage point decrease compared to the same period of the previous year. In this age group, employment rate occurred as 46.5% with 3.5 percentage point decrease and labour force participation rate occurred as 53.7% with 4.7 percentage point decrease.

The youth unemployment rate between aged 15-24 years realized as 24.6% with 0.6 percentage point decrease and the youth employment rate realized as 27.4% with 5.1 percentage point decrease compared with the same period of the previous year. In the same period, labour force participation rate realized as 36.3% with 7.2 percentage point decrease. The rate of neither in employment nor in education realized as 27.9% with 4.2 percentage point increase compared with the same period of the previous year.

Seasonally adjusted unemployment rate realized as 13.0% with 0.3 percentage point increase. The number of unemployed persons decreased by 33 thousand to 3 million 972 thousand persons.

Seasonally adjusted employment rate realized as 42.6% with 1.7 percentage point decrease. The number of employed persons estimated as 26 million 512 thousand persons with 1 million 3 thousand persons decrease compared with the same period of the previous year.

Seasonally adjusted labour force participation rate was 49.0% with 1.7 percentage point decrease. The number of labour force estimated as 30 million 484 thousand persons with 1 million 35 thousand persons decrease.

According to the seasonally adjusted number of employment by sectors, employment in agriculture decreased by 21 thousand persons, industry decreased by 85 thousand persons, construction decreased by 202 thousand persons and services decreased by 694 thousand persons.

As part of its economic program, the Turkish government is targeting an unemployment rate of 11.8% this year. The program predicts that unemployment will gradually fall to 9.8% in 2022./ibna