Next year, Turkey is expected to become one of the three countries with the highest employment rate among OECD members. According to OECD data, Turkey will add 526,000 people to its 25.57 million-strong labor force next year. According to the OECD's projections, the U.S. is the country that will have the highest employment increase in 2016, with 1.6 million expected to join the approximately 148.5 million-strong labor force. The second country expected to have the highest increase in its labor force after the U.S. is Mexico with 1.2 million. Turkey is in third place. According to these figures, Turkey's employment increase will surpass world giants such as the U.K., Canada, France and Germany. Japan is facing one of the worst scenarios, as the OECD data suggests 229,000 people will leave the labor force in Japan, which is currently composed of 63.4 million workers.
The organization predicts an increase of 873,900 in the eurozone, while the general increase among all OECD countries is expected to be around 5.5 million.
Next year, it is expected that the working population will increase by 96,309 in Germany, 297,088 in the U.K. and 143,628 in France. According to OECD estimates, the labor force will shrink in Finland, Poland, Slovenia, Slovakia, Estonia, Spain and Japan. Spain follows Japan on the list in terms of shrinking labor force, with a decrease of 8,572 expected.
According to the data released by Turkish Statistical Institute (Turkstat), Turkey's unemployment rate was 11.2 percent in February. The number of employed over the age of 15 increased to 577,000, hitting 25.57 million in the same period while the employment rate was 44.4 percent, an increase of 0.3 percent.
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