Turkey’s wider definition unemployment reaches 8.9 million people- 27.4 percent of the labor force
: Passing null to parameter #1 ($string) of type string is deprecated in <b>/home/paturkey/public_html/wp-includes/formatting.php</b> on line <b>4467</b><br />
"<br />
<b>Warning</b>: Undefined variable $foto_baslik_metni in <b>/home/paturkey/public_html/wp-content/themes/sa_news-pt/single.php</b> on line <b>38</b><br />")
Warning: Undefined variable $foto_alt_metni in /home/paturkey/public_html/wp-content/themes/sa_news-pt/single.php on line 39
Warning: Undefined variable $foto_baslik_metni in /home/paturkey/public_html/wp-content/themes/sa_news-pt/single.php on line 40
Warning: Undefined variable $foto_aciklama_metni in /home/paturkey/public_html/wp-content/themes/sa_news-pt/single.php on line 41
The Turkish Statistical Institute (TurkStat), announced the "Labor Force Statistics" for April 2021.
Accordingly, the seasonally adjusted unemployment rate is at 13.9% in April with 0.9 percentage point increase. The number of unemployed people (aged 15 years old and over) reached 4,51 million rising by 275K in a month's time.
In April 2021, the rate of composite measure of labor underutilization (time-related underemployment, potential labor force and unemployment) was 27.4%with 1.7 percentage point increase compared to the previous month. While the combined rate of time-related underemployment and unemployment realized as 19.9%, combined rate of unemployment and potential labor force realized as 21.9%.
The announced employment details heavily contradict with Turley's 7% GDP growth recorded in 1Q21 and the expected circa 15% GDP growth for 2Q21.
Seasonally adjusted supplementary labour force indicators, April 2019-April 2021
- Employment rate 44.2%: The number of employed people at 28 million decreased by 193K in April 2021 compared to March bringing the employment rate to 44.2% with a 0.4 percentage point decrease.
- Labor participatipon rate 51.3%: with 32.6 million people in the labor force the monthly change was 83K people in April 2021; hence the labor force participation rate was up 0.1 percentrage points to 51.3%.
- Women's unemployment rate at 15.9%: As of April 2021, women unemployment rate decreased by 0.4 percentage points to 15.9% while the employment rate for Turkey's women remains very low at 27.4%. As more than 21 million women rmain outside the workforce only 1.7 million women are employed.
- Youth unemployment rate at 25.6%: For the 15-24 age group, unemployment rate is 25.6% with a 0.1 percentage point increase over the March level. The employment rate was up by 0.5 percentage points to 32% while the labor force participation rate in this age group at 43% is 0.8 percentage points higher compared to the previous month.
- Employment rate 44.2%: The number of employed people at 28 million decreased by 193K in April 2021 compared to March bringing the employment rate to 44.2% with a 0.4 percentage point decrease.
- Labor participatipon rate 51.3%: with 32.6 million people in the labor force the monthly change was 83K people in April 2021; hence the labor force participation rate was up 0.1 percentrage points to 51.3%.
- Women's unemployment rate at 15.9%: As of April 2021, women unemployment rate decreased by 0.4 percentage points to 15.9% while the employment rate for Turkey's women remains very low at 27.4%. As more than 21 million women rmain outside the workforce only 1.7 million women are employed.
- Youth unemployment rate at 25.6%: For the 15-24 age group, unemployment rate is 25.6% with a 0.1 percentage point increase over the March level. The employment rate was up by 0.5 percentage points to 32% while the labor force participation rate in this age group at 43% is 0.8 percentage points higher compared to the previous month.
Related articles
Turkish lira hits record low on lax monetary policy, foreign currency debt
Household Inflation Expectations June results once again showed the stickiness of inflation
Turkey: Political tensions are rising, what is the government aiming for?
