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FinancialNews


  • 11-01-22

    Turkish rate of unemployment stands at 11.2 percent in Nov.

    (MENAFN) According to new data from the Turkish statistical office released on Monday, the unemployment rate in the country stood at 11.2 percent in November of last year, parallel to the preceding month.

    Based on the Turkish Statistical Institute (TurkStat), during the mentioned month, the number of unemployed individuals from the age 15 and above increased a tad by 39,000 to almost 3.77 million.

    The labor force participation rate amounted at 52.5 percent with a 0.4 percentage point jump whereas the number of employed citizens in the country jumped by 228,000 to more than 29.85 million, putting the employment rate at 46.6 percent with a 0.3 percentage point increase in November 2021.

    TurkStat stated, "the youth unemployment rate (in November 2021) in the 15-24 age group was 22.3 percent with 1.7 percentage point increase compared to the previous month."

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