Turkey’s unemployment rate drops to 11.2% in October

The unemployment rate occurred as 11.2% with a 0.2 percentage point decrease.

Seasonally adjusted employment rate realized as 46.2%

The number of employed persons increased by 180 thousand to 29 million 581 thousand persons in the period of October 2021 compared to the previous month. The employment rate occurred as 46.2% with 0.2 percentage point increase.

Seasonally adjusted labor force participation rate realized as 52.0%

The number of persons in the labor force realized as 33 million 297 thousand persons with 104 thousand persons increase in October 2021 compared to the previous month. Labor force participation rate was 52.0% with 0.1 percentage point increase.

Seasonally adjusted youth unemployment rate was 20.1%, employment rate was 33.4%

The youth unemployment rate in the 15-24 age group was 20.1% with 0.8 percentage point decrease compared to the previous month and the employment rate was 33.4% with 0.3 percentage point increase. The labor force participation rate in this age group realized as 41.8% with 0.1 percentage points decrease compared to the previous month.

55.4% of seasonally adjusted employment was in the services sector

In October 2021, the number of agricultural employment increased by 33 thousand persons, services increased by 211 thousand persons while industry decreased by 58 thousand persons and construction decreased by 4 thousand persons. According to the distribution of employment by sector; 17.0% was employed in agriculture, 21.5% was employed in industry, 6.1% was employed in construction and 55.4% was employed in services.

Seasonally adjusted composite measure of labor underutilization rate realized as 22.8%

 In October 2021, the rate of composite measure of labor underutilization consisting of time-related underemployment, potential labor force and unemployment was 22.8% with 1 percentage point increase compared to the previous month. While combined rate of time-related underemployment and unemployment realized as 15.6%, combined rate of unemployment and potential labor force realized as 18.7%.

Unemployment rate realized as 10.7%, employment rate realized as 47.2%

Unemployment rate realized as 10.7% with 2.1 percentage point decrease compared to same month of the previous year. The number of unemployed persons decreased by 384 thousand persons to 3 million 623 thousand persons compared to same month of the previous year.

Employment rate realized as 47.2% with 3.6 percentage point increase compared to same month of the previous year. The number of employed persons estimated as 30 million 217 thousand persons with 2 million 802 thousand persons increase compared to same month of the previous year.

Labor force participation rate was 52.9% with 3.0 percentage point increase compared to same month of the previous year. The number of labor force estimated as 33 million 840 thousand persons with 2 million 418 thousand persons increase compared to same month of the previous year.

The rate of unregistered employment in the non-agricultural sector was 18.1%

In October 2021, the rate of unregistered employment, which indicates the share of employment who are not affiliated with social security institution in total employment realized as 29.5% with 2.3 percentage point decrease compared to the same month of the previous year. The rate of unregistered employment in the non-agricultural sector realized as 18.1% with 2.6 percentage point decrease compared to the same month of the previous year. (ILKHA)