Did Turkey’s Unemployment Rate Decline in March?
Turkish Statistical Institute announced unemployment and employment data for March. So how is Turkey’s unemployment distribution? Here are the details!
According to the latest developments, Turkish Statistical Institute (TurkStat) announced unemployment and employment data for March. According to the data, unemployment rate in Turkey decreased by 0.1 points compared to the previous month and was recorded as 8.6 percent.
According to TurkStat’s Household Labor Force Survey, the number of unemployed people aged 15 and over decreased by 19 thousand people in March compared to the previous month and decreased to 3 million 57 thousand people.
Distribution of Unemployment Rate by Gender and Age
With this increase in the unemployment rate, the unemployment rate is estimated to be 6.8 percent for men and 12.0 percent for women. Seasonally adjusted employment rate realized as 49.5 percent, while the number of employed people reached 32 million 588 thousand. This rate was 66.9 percent for men and 32.5 percent for women.
In addition, the seasonally adjusted unemployment rate in the young population (15-24 age group) decreased by 0.4 percent to 15.1 percent. In this age group, unemployment rate was 11.7 percent for men and 21.2 percent for women.
The labor force participation rate was realized as 54.2 percent, while this rate was 71.8 percent for men and 36.9 percent for women. Seasonally and calendar adjusted average weekly actual working hours was 43.8 hours.
The idle labor force ratio was determined as 24.1 percent, which is composed of time-related underemployment, potential labor force and unemployed. The combined ratio of time-based underemployment and unemployed is 16.1 percent, while the combined ratio of unemployed and potential labor force is estimated to be 17.3 percent.
