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Turkey’s jobless rate surges to 13.4% in February

by DAILY SABAH

ISTANBUL Apr 12, 2021 - 11:27 am GMT+3
People walk in an open market in Istanbul, Turkey, March 22, 2021. (AP Photo)
People walk in an open market in Istanbul, Turkey, March 22, 2021. (AP Photo)
by DAILY SABAH Apr 12, 2021 11:27 am

The unemployment rate in Turkey rose to 13.4% in February before coronavirus pandemic measures were eased, according to official data Monday.

The rate was up 0.7 percentage points from 12.2% in the previous month, the Turkish Statistical Institute (TurkStat) said.

A measure of labor underutilization dipped to 28.3% from a record high in the previous month, the data showed.

The seasonally-adjusted underutilization rate, a reflection of how the pandemic weighs on workers, had risen for four months leading to January’s high of 29.5%.

The last peak, 29.3%, was in May last year during the most severe COVID-19 lockdowns.

Throughout the pandemic, unemployment has been held down by a ban on layoffs that has been extended through mid-May.

From January, the TurkStat employment data was presented in a new format in line with international standards, including the underutilization data.

The institute is now releasing single-month data rather than a three-month period, complying with International Labour Organization (ILO) resolutions and European Union regulations.

A combined measure of time-related underemployment and unemployment fell to 19.8% in February from 20.1% a month earlier, TurkStat said.

The seasonally adjusted labor force participation rate in February rose 0.3 percentage points from a month earlier to 50.1%.

The non-agricultural unemployment rate rose to 15.3% from 14.6% a month earlier and youth unemployment rose 0.4 percentage points to 26.9%.

While some measures were eased in March, the government has been reversing course in recent weeks, including the return of weekend curfews in high-risk areas, as well as other measures.

The country will now return to full nationwide weekend lockdowns, and cafes and restaurants will switch to delivery-only service during the upcoming Muslim holy month of Ramadan, which starts Tuesday.

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