NEWS Human Resources        12/10/2020

Turkey’s official unemployment rate remains at 13.4% in July 2020

According to figures released by the Turkish Statistical Institute (TÜİK – TurkStat), Turkey’s unemployment rate remained at 13.4% in July 2020. The figure for the month of July of the previous year was 13.9%. The rate for July 2020 comprises all those of 15 years of age and above, and represents a total figure of unemployed of 4,227,000, a decrease of 369,000 on the figure for the same month of the previous year.

 

The unemployment rate for people aged between 15 and 64 was given as 13.7%, the estimated unemployment rate for those outside agriculture was given as 15.9%, and the unemployment rate among the young, which comprises of people aged between 15 and 24, was given as 25.9% in July 2020.

 

The number of people in the workforce in July 2020 was 27,263 thousand people, some 1,254 thousand lower than the same month of the previous year. This labour force total was 43.5% of the total employable population. The  number of workers available for work in October 2020 is 31,491 thousand, a fall of 1,622 thousand on the same month of the previous year and 50.3% of the total employable population.

 

There is much criticism of TurkStat’s employment statistics because of its definition of unemployed as those who have registered for unemployment within the last four weeks, whereas before 2014, this period was three months. Based on many independent sources such as trade unions, the real unemployment rate is at least two times the official TurkStat calculation.

 

 



Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases to 18.95% in July 2021       Turkey’s official unemployment rate decreases to 13.2% in May 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020