Turkish January unemployment rate to be announced today.

By bne IntelliNews April 15, 2014

The statistics institute TUIK will release the unemployment data for January today (April 15).

Turkey’s jobless rate increased to 10% (or 2.8mn people) in December 2013 from 9.9% in November 2013. The seasonally-adjusted unemployment rate dropped to 9.4% from 9.8%, TUIK said last month. The labour participation rate edged down to 50.1% in December from 50.5%, the latest labour market data of TUIK showed.

TUIK calculated the jobless rate for the whole of 2013 at 9.7% when the Turkish economy expanded 4%. In 2012, the country’s GDP grew by 2.1% and the unemployment rate was 9.2%. The government forecasts a GDP growth rate of 4% for 2014 and its unemployment rate estimate for this year stands at 9.4%. In its latest World Economic Outlook report, the IMF said it expected the Turkish economy to grow at 2.3% this year and at 3.1% in 2015. Turkey’s unemployment rate will be 10.2% in 2014 and 10.6% in 2015, according to the IMF.

  December
  2012 2013
Population (mn) 74,0 74,9
Labour force participation rate (%) 50,0 50,1
Unemployed (mn) 2,79 2,81
Unemployment Rate (%) 10,1 10,0
Non-Farm Unemployment Rate (%) 12,4 12,1
Youth Unemployment Rate (%) 19,8 18,7
Seasonally-adjusted Unemployment Rate (%) 9,5 9,4
Source: statistics institute    

Related Articles

Turkey issues arrest warrants for "Gulen-linked" capital markets board employees

The Turkish authorities have issued arrest warrants for 36 employees of the Turkey's capital markets board (SPK) as well as for more than 160 other people citing claimed links to US-based ... more

Gulen hits out at Erdogan in Washington Post as Turkish leader arrives for Trump talks

Fethullah Gulen, the exiled cleric accused by the Turkish government of orchestrating last year’s attempted coup, on May 16 accused President Recep Tayyip Erdogan of “doing everything he can ... more

Police detain 53 Istanbul bourse ex-employees citing Gulen claims

Turkish prosecutors have ordered the detention of 102 former Borsa Istanbul stock exchange employees, with 53 arrested already, local media reports suggested on May 12. The employees had ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss