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Turkey's unemployment rate down slightly in October

by DAILY SABAH WITH AA

ISTANBUL Jan 11, 2021 - 10:13 am GMT+3
People enjoy the sunset view in Istanbul, Turkey, Jan. 8, 2021. (Getty Images)
People enjoy the sunset view in Istanbul, Turkey, Jan. 8, 2021. (Getty Images)
by DAILY SABAH WITH AA Jan 11, 2021 10:13 am

Turkey’s unemployment rate fell to 12.7% in October with a decrease of 0.7 percentage points year-on-year, the national statistical body announced Monday.

The number of unemployed young people aged 15 and over decreased by 391,000 to 4 million as of October compared to the same month last year, the Turkish Statistical Institute (TurkStat) said.

The non-agricultural unemployment rate also fell by 0.9 percentage points year-on-year to 14.8% this month.

In October, the youth unemployment rate, which includes the 15-24 age group, decreased by 0.4 percentage points to 24.9%. The unemployment rate for the 15-64 age group was revealed to be 13.0% with a 0.7 percentage point decrease.

Meanwhile, the employment rate decreased to 43.6% with a fall of 2.3 percentage points annually.

The distribution of employment by sector was 55.7% in the services sector, 20.3% in industry, 17.6% in agriculture and 6.4% in construction, according to TurkStat data.

The labor force participation rate went down by 3 percentage points year-on-year to 50.0%.

Turkey's labor force decreased by 1.28 million year-on-year to 31.45 million as of October.

The rate of unregistered employment – those working without social security related to their principal occupation – was 31.0% in October, down by 3.9 percentage points on a yearly basis.

In September, the country's unemployment rate was also 12.7%.

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  • Last Update: Jan 11, 2021 5:44 pm
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