Turkey's unemployment rate rises to 12.1 pct in November, hits 7 year-high


Turkey's unemployment rate rose to 12.1 percent in November 2016, reaching its highest level since March 2010, according to the labor statistics revealed by the Turkish Statistical Institute (TÜİK) on Wednesday.

Unemployment rate increased by 0.3 percentage point compared to October 2016, as the rate kept its steady advance for the seventh month in a row, while a 1.6 percentage points rise took place compared to same month of the previous year.

The number of unemployed people age 15 and over was 3.7 million in November 2016, up 590,000 from the same period the previous year.

The number of employed people was 27.07 million, up 391,000 from a year earlier, showing the Turkish economy kept creating jobs at significant clip but failed to keep pace with the growing number of people seeking jobs.

The labor force participation rate (LFPR) was 52.1 percent, up 0.9 percentage point or 980,000.

The LFPR for males was 71.9 percent, a 0.6 percentage point rise, and the rate for females was 32.7 percent, a 1.1 percentage point climb over the same period of the previous year.