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

Turkey ups steel exports 28% in 2024 driven by EU shipments, US takes just small percentage

Turkey upped its steel exports by 27.6% y/y in 2024 to 13.4mn tonnes, according to the Turkish Steel Association (TCUD). Growth was driven by shipments to the European Union (5.9mn tonnes, up ... more

TPAO arm contracts Subsea7 for Sakarya gas field work offshore Turkey

Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya ... more

Turkish firm Bonysocks earmarks $50mn to build Egyptian factory

Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen.  ... ... more

Dismiss