Turkey’s unemployment rate rose to 11-month high in January
DHA photoTurkey’s unemployment rate increased to an eleven-month high of 11.1 percent in January from 10.8 percent in December, the Turkish Statistics Institute (TÜİK) stated on April 15.
The unemployment rate was 11.3 percent last January, according to the TÜİK data.
The number of unemployed people aged 15 years and over rose to 3.29 million in January, an increase of 31,000 from the previous year largely due to the rising labor force participation rate.
The labor participation rate was 50.7 percent, with a 0.7 percentage point increase from a year earlier. The total size of the Turkish labor force was announced as 29.57 million, with an 852,000 increase in January from a year earlier.
Youth unemployment fell to 19.2 percent in January, down 0.8 percent from a year earlier.