Turkey’s broad unemployment hits all-time high of 27% in April

By bne IntelliNews June 10, 2024

Turkey’s broad unemployment level reached an all-time high of 27% in April, according to official data from the Turkish Statistical Institute (TUIK, or TurkStat).

The composite underutilised labour rate, which includes time-related underemployment, the potential labour force and unemployment, increased by 3.1 pp to the stated 27.2% figure.

CHART

TUIK’s narrowly defined unemployment rate for April edged down 0.1 pp to 8.5%.

The number of people aged 15 or over officially classified as unemployed decreased by 18,000 from the previous month to 3,042,000.

Related Articles

Israel and Greece to sign €3.1bn defence agreement

Israel and Greece will sign a €3.1bn ($3.6bn) agreement on August 31 for the sale of air defence systems to Athens, a senior Greek official told ... more

Argent LNG granted export authorisation for Louisiana project

The US Department of Energy (DoE) has granted an export permit to free-trade countries to Argent LNG for its proposed Louisiana project, Reuters reported on July 27. The proposed LNG export ... more

Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal

Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest, Turkish local media Daily Sabah ... more

Dismiss