Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Turkey’s unemployment rate falls to 13.6% in February

by Anadolu Agency

ANKARA May 11, 2020 - 11:18 am GMT+3
A few people are seen in a public transportation station amid measures taken to curb the spread of the coronavirus, Istanbul, Turkey, May 11, 2020. (AA Photo)
A few people are seen in a public transportation station amid measures taken to curb the spread of the coronavirus, Istanbul, Turkey, May 11, 2020. (AA Photo)
by Anadolu Agency May 11, 2020 11:18 am
RECOMMENDED
Russian-flagged Ro-Ro ship Lady R transits Bosporus in Istanbul, Türkiye, April 27, 2023. (Reuters Photo)

Turkish exporters hope to clinch record of over $267B in annual sales

foreign-trade

Unemployment in Turkey dropped to 13.6% this February, down 1.1 percentage points from the same month last year, the Turkish Statistical Institute (TurkStat) announced Monday.

The number of unemployed persons age 15 and above slipped by 502,000 year-on-year to 4.23 million by the end of February.

On a monthly basis, February's figure also dropped 0.2 percentage points, as unemployment in January stood at 13.8%.

Official data also showed that nonagricultural unemployment fell 1.5 percentage points to 15.4% during the same period.

The youth unemployment rate, including people ages 15-24, was 24.4% in February, down 1.7 percentage points on a yearly basis.

In February, employment posted a decrease of 1.7 percentage points from the same month last year, down to 43.1%.

"The number of employed persons decreased by 602,000 to 26.8 million persons in February 2020 period, compared with the same period of the previous year," TurkStat said.

The labor force participation rate also went down by 2.6 percentage points year-on-year, falling to 49.9% in the month.

The labor force participation rate for males dropped 2.4 percentage points to 69%, and for females, it was 31.2%, an annual decline of 2.8 percentage points.

TurkStat also reported that the rate of unregistered employment – people working without social security related to their principal occupation – was 30% in February, marking a 3.5-percentage-point decrease from February 2019.

The institute will release its next monthly employment figures on June 10.

Recovery before pandemic

Erol Gürcan, an economist at Gedik Investment, said the month-on-month decrease could be seen as the result of the ongoing recovery trend before the coronavirus pandemic hit.

"Although this condition seems positive at the first glance, we should state that the decrease in the unemployment rate was driven by a drop in (workforce) participation," Gürcan said.

As the first COVID-19 case was found in Turkey in mid-Mach, Gürcan said the negative impact of the pandemic on February data is very limited.

He underlined that potential seasonal upward effects in employment figures will be very limited for future data this year due to the virus's economic fallout.

"Additionally, it is still hard to predict how effective the incentives aiming at retaining employment level, some of which are temporary, will be," Gürcan added.

RECOMMENDED
Russian-flagged Ro-Ro ship Lady R transits Bosporus in Istanbul, Türkiye, April 27, 2023. (Reuters Photo)

Turkish exporters hope to clinch record of over $267B in annual sales

foreign-trade
  • shortlink copied
  • Last Update: May 11, 2020 1:44 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    unemployment turkey covid-19 outbreak
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Brazil's Dani Alves in action during the FIFA World Cup Qatar 2022 Round of 16 match between Brazil and South Korea at Stadium 974, Doha, Qatar, Dec. 5, 2022. (Getty Images Photo)

    Dani Alves remains in jail as new rape case's harrowing details unfold

    DANI-ALVES
    A fragment of the statue of Pan, the Greek god of shepherds and flocks in Greek mythology, discovered in Saraçhane Archaeology Park, Istanbul, Türkiye, June 1, 2023. (DHA Photo)

    Excavations in Istanbul unearth statue of Greek deity Pan

    pan

    Sudan's paramilitary forces take over Khartoum museum

    SUDAN

    'Ulysses of Istanbul': Celebrating James Joyce's masterpiece

    james-joyce
    No Image
    In photos: Protesters block highway construction in German forest
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021